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