Impartial reviews on the latest products and how they can impact consumers.
February 2014 Zurich: Group life
Zurich’s Group Spouse/Partner Life Insurance cover has been launched for its corporate risk customers and offers simple term life cover for spouses and civil and dependent partners as part of a voluntary scheme arrangement. The plan offers cover in units up to a maximum of £250,000 and cover can last to age 75. A simplified acceptance process, with a short application form should make applying for cover as simple as possible. A minimum of 25 eligible employees is usually required for existing schemes and 250 for new schemes, although Zurich may negotiate on those numbers. Minimum group premium is £750…
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February 2014 Zurich: Term
Zurich’s Investment Life Cover is a new type of life cover, written over five years and aimed at its retail platform customers only. The plan pays out on death an amount that is the difference between what someone has invested onto Zurich’s retail platform, less any withdrawals made since then, and its value on their death. For example, if an investor invested £200,000 and its value fell to £180,000 when they died, the plan would pay out £20,000 (assuming they had taken nothing out in the meantime). If instead the investment was worth say £210,000 on their death, there would…
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February 2014 Expacare: iPMI
Expacare’s new Choices plan is an international private medical insurance (iPMI) plan aimed at expat individuals and families. A modular plan, Choices comprises a core plan, which essentially just covers inpatient treatment and other core benefits. Overall annual limits of from £1m (or $ or € equivalents) to £5m apply depending on the level of outpatient cover selected (if any). To the core plan, up to three options can be added: • Option 1: Cancer Treatment and Chronic Care. This offers full, restricted or no cover. Restricted cover has a £50K lifetime limit. • Option 2: Outpatient Treatment. This offers…
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February 2014 National Dental Plan: Dental
ECIS Dental Plan ECIS (Electrical Contractors Insurance Services) has launched a comprehensive dental plan in association with National Dental Plan (NDP). In effect, ECIS is offering its Radiant plans tailored for ECIS. Five different versions are available to meet benefit and budget needs. The ECIS Dental Plan reimburses NHS costs in full and also offers a free choice of dentist. All pre-existing conditions are covered, except for mouth cancer. Cover is available to children and partners too. The Level 1 plan is designed to cover just NHS charges, but also includes up to £20,000 for mouth cancer. The highest level…
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February 2014 Aviva: CI
Aviva has improved its existing critical illness cover, with the following changes applied to all new policies from 9 December 2013: • The definitions of stroke and multiple sclerosis have been widened to pay out on more claims. For MS, customers no longer need to present continuous symptoms for at least three months and stroke victims no longer need to show permanent symptoms. • Four new conditions have been added. These are carcinoma in situ of the cervix requiring treatment with hysterectomy; carcinoma in situ of the testicle requiring surgical removal of one or both testicles; arteriovenous malformation (AVM) of…
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