Virgin Money rolls out standalone cancer cover

Administered by Scottish Widows, the Virgin Cancer Cover product, also marketed as “The Big V”, is a direct offer reviewable CI product which is available from as little as £5 per month and is said to be around 45% cheaper than a standard CIC product, as it only pays out on diagnosis of cancer. Under the terms of the product, Virgin Money will make ‘staged’ payments to the sufferer of any cancer except skin cancer and early diagnosis of cervical cancer, both of which are easily treatable, but the amount paid will depend on the severity of the condition. A payment of 10% of the sum assured...