October 2015 LV=: Other
LV= has launched a range of business protection insurance plans providing cover against death and most critical illnesses. Three versions are available, covering key person, shareholder and partnership insurance plus loan protection. Plans are targeted at SMEs. The plans offers sums insured that are level, increasing or decreasing. The CI benefits covered mirror those covered by LV= on its individual policies, and include free children’s cover (up to £25K). LV= covers 64 conditions – 44 full payment and 20 partial payment. One and a half times cover is payable for neurological illnesses and cover is doubled on certain accident related…
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October 2015 Cigna: iPMI
Cigna Africa is a new international private medical insurance (iPMI) policy for expat employees of multinational companies with African offices. The plan combines Cigna’s local experience and facilities, global medical network and ongoing commitment to investments in Africa. CignaAfrica offers a choice of five cover levels: CoreCare (the basic plan); StandardCare; EssentialCare; Executive Care, and EliteCare (the most comprehensive plan). The policies have maximum annual benefits that vary from $50,000 per policy year to $6 million per policy year, depending on the plan version chosen. Each plan covers inpatient and outpatient treatment in a private room (with limits on CoreCare,…
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October 2015 Bright Grey: CI
Bright Grey has brought in a number of changes to its existing critical illness plans. The changes include: A new full payment condition, spinal stroke, has been added. The Parkinson’s disease definition has been improved and is now ABI+ status. The multiple sclerosis definition has been simplified. Both the breast cancer and prostate cancer definitions have been improved. Changes and improvements have been made to various other full payment and severity definitions. These include to those for aplastic anaemia; benign brain tumour; cancer; coma; heart attack; multiple sclerosis; stroke and children’s critical cover. The maximum payout under the severity definitions…
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October 2015 Canada Life: CI
In the UK, Canada Life is best known for its group risk business, although it does offer an individual whole life plan too, through its international arm. Now it is launching onshore term and critical illness cover with four plans that cover term (level or decreasing) with or without critical illness (CI) cover. Looking at the CanProtect Level Term Plus plan, this product pays: A lump sum on death during the chosen term or becoming totally and permanently disabled. The same lump sum on being diagnosed with a terminal illness where the life expectancy is less than 12 months (this…
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