ABI launches critical illness guide

clock

The ABI (Association of British Insurers) has launched a consultation paper on a new guide to critical illness insurance for consumers.

The guide is designed to help consumers understand what critical illness insurance does and the main conditions it covers. A spokesman told IFAonline: “We want to make sure consumers and financial advisers understand what critical illness insurance is there for, what conditions are covered by most policies and what consumer obligations are when filling out an application form. “Our objective is to make products easier to understand. That is so that overtime there are fewer claims on critical illness insurance. If people better understand the product, what it covers them for and what it ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Cognitive biases in advice and the psychology of insurance

Cognitive biases in advice and the psychology of insurance

A look into client decision making and its effects on protection uptake

Jaskeet Briah
clock 25 April 2024 • 5 min read
Aviva completes £460m acquisition of AIG Life after CMA delay

Aviva completes £460m acquisition of AIG Life after CMA delay

'It's disappointing to lose another protection insurer from the market'

Cameron Roberts
clock 10 April 2024 • 2 min read
Is price really still king? Why the protection market needs to evolve

Is price really still king? Why the protection market needs to evolve

Data and process improvement will be 'battlegrounds of tomorrow'

Paul Yates
clock 18 March 2024 • 3 min read