Zurich overhauls critical illness offering

The group focused its overhaul on its three main claims areas - cancer, heart and neurological disorders - updating 50 definitions and increasing its total coverage to 85 conditions. Zurich said it paid out £65.4m in the last year, with 59% of its total 788 critical illness claims, worth £48.3m, being in relation to cancer. Data from Equifax Touchstone published in March showed critical illness sales for 2015 were up 33% across the industry, compared with 2014, while sales of term assurance (including term policies with critical illness incorporated) were up 11%. In its new offering t...