Bright Grey is incorporating the Association of British Insurers' new critical illness definitions from the start of next week and is adding four new illnesses to its cover.
The ABI’s definitions aim to future proof CI products and make it easier for consumers to see what is covered.
The four new illnesses Bright Grey is adding are:
- Open-heart surgery – with surgery to divide the breastbone;
- Progressive supra nuclear palsy – resulting in permanent symptoms;
- Severe lung disease – resulting in permanent symptoms; and
- Traumatic head injury – resulting in permanent symptoms
Bright Grey claims its CI product now covers 33 illnesses, including total and permanent disability, but it says the focus should not be on the number of conditions a product covers but on the product as a whole.
Roger Edwards, products director at Bright Grey, says: “Advisers should be looking for clear and simple literature; a comprehensive and sensible list of conditions; flexibility; and aspects such as practical and emotional support. This is how you find best value protection for clients. And the changes to critical illness definitions provide another opportunity for advisers to talk to their clients about protection.”
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