Jump to main content of pageaccessibility informationSitemap
28 Mar 2024
Go Direct Best Critical Illness Insurance Quotes Get a Critical Illness Insurance Quote Go Direct Cheapest Critical Illness Quotes Guarantee
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Critical Illness News

Critical illness insurance sector set for shake up

The critical illness insurance landscape is set for a consumer-friendly shake up that could result in the reduction of the number of declined total permanent disability (TPD) claims made on the cover, it has emerged.

According to Health Insurance, new proposals for streamlining the sector in "a radical, consumer-friendly way" are set to be unveiled by the Association of British Insurers (ABI) in a discussion paper.

Independent financial advisers and their clients are being encouraged to give their views in the consultation, which the website has stated is geared to do away with complaints about TPD claims that are turned down every year.

Nick Kirwan, the assistant director of health & protection at ABI, is quoted by the publication as stating: "After producing the guidelines on non-disclosure, TPD was the obvious next priority for industry discussion and consensus."

He added that "medical experts have been working on this, looking at the causes of TPD claims" in a bid to discover what the trigger point for the claims is.

Of the three per cent critical illness claims that are made for TPD, more than half (55 per cent) are turned down, the website reported.

Critical illness insurance premiums are lower for non-smokers, moneysupermarket.com research showed recently.

For the best critical illness quote try Go Direct's new interactive quotation system for online critical illness insurance quotes.

Do you want advice on Critical Illness insurance?

After looking through the critical illness insurance information if you would like Critical Illness Advice, complete our critical illness cover and life insurance enquiry form and we will contact you to discuses your protection needs.

You may also be interested in:

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600