GE Frankona Re proposes creation of a CI 'crossbreed'

Speaking recently at a marketing conference in London, Azim Dinani, head of pricing at the GE Frankona Re (UK Life and Health) suggested the growing pressures on critical illness pricing and supply, as well as advances in medical science and knowledge, could encourage companies to develop a new form of CI policy which pays a fraction of the lump sum at the first stage of a claim and offers additional payments linked to a client’s mortgage if the individual is still unable to return to work a few months later. Rather than pay a substantial lump sum – dependant on the policy terms – GE Fra...