Impartial reviews on the latest products and how they can impact consumers.
October 2014 Bright Grey: CI
Bright Grey has introduced a series of updated conditions and definitions on its critical illness insurance plans. Seven partial payments have been added, with a payout of 20% of the sum insured, up to a maximum of £15,000. The seven additional conditions are: Borderline ovarian tumour. Not cancer, but requiring removal of an ovary. Carcinoma in situ of the cervix uteri. Requiring hysterectomy. Carcinoma in situ of the oesophagus. Requiring removal of all or part of the oesophagus. Carcinoma in situ of the testicle. Requiring orchidectomy. Carcinoma in situ of the urinary bladder. Ductal carcinoma in situ. Requiring breast surgery.…
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October 2014 Sun Life: Term
AXA’s Sun Life brand is now its direct to consumer (D2C) financial services provider (rebranded earlier this year), and this term with optional critical illness cover plan is taking proven D2C techniques to the under 60s market. The plan is underwritten by Scottish Friendly. Family Life Insurance offers term insurance with terms up to 40 years, as long as the cover does not go beyond the customer’s 70th birthday. Minimum age is 18 and the maximum sum insured is £500K (reduced to £250K for ages 51-59). The plan is medically underwritten online, and customers can get a quick quote within…
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October 2014 Aviva: PMI
Aviva has added its BacktoBetter rehabilitation service (originally only available through its corporate plans) to its SME Solutions private medical insurance (PMI) plan. The service treats employees with musculoskeletal (MSK) conditions without them having to see their GP first. MSK is the third most common cause of long term absence in the UK, with around 7.5 million days lost each year, and Aviva says 27% of its claims are MSK related. BacktoBetter is supported by a strategic partnership with the Chartered Society of Physiotherapy (CSP) and with clinical healthcare providers HCML and Nuffield Health. Long term, BacktoBetter should lead to…
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October 2014 Willis: iPMI
Willis Employee Benefits is part of the Willis Global Human Capital and Benefits Practice, which has over 3,000 employee benefits associates in 120 countries. This plan is offered by Now Health International, whose underwriting partner is AXA. The medical screening is arranged by. The plan is aimed at organisations with between one and 99 international employees. It provides international private medical insurance (iPMI) cover for them and their dependants through the Now Health International WorldCare plan Four levels of cover are available – Essential, Advance, Excel and Apex and the plan covers pre-existing conditions and provides worldwide cover, which can…
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September 2014 AXA PPP healthcare: Other
AXA PPP’s new plan pays a cash lump sum if diagnosed with a defined cancer. It also gives customers access to a 24/7 telephone support service from AXA’s dedicated cancer nurses. Children under 18 are also covered free under the plan. Three benefit levels are available, with the plan paying out £15K, £30K or £60K on diagnosis, with a three month initial qualifying period. If the customer has a family history of cancer at the time of application, the main cash benefit of the plan is cut by 50%. Early stage cancers and benign tumours (including benign brain tumours)…
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