The ABI has said it intends to end Total and Permanent Disability (TPD) clauses, introducing set definitions. Will this add even further complication to Critical Illness (CI) policies?
Alan Lakey, Highclere Financial Services It is said that simplicity sells, yet industry pundits realise that comprehensive cover is superior. This paradox has existed since the early 1990s when the mainstream players entered the market, each offering a variation that allowed them to claim some unique point or other. Adding extra conditions does not in itself cause confusion but the worthlessness of some is guaranteed to mislead. TPD has long been a problem, although this has been due in part to the variety of claim definitions, particularly the task-based versions applied to occupational...
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