Old Mutual Wealth updates critical illness cover

New definitions

clock • 4 min read

New medical conditions, clearer definitions, and improvements to payment conditions, as well as children's cover enhancements, have been added to Old Mutual Wealth's critical illness cover (CIC).

Additional Care Benefit, an additional £50,000 (or benefit amount if lower) paid to claimants suffering long-term illness to pay for extra care, is also included as part of CIC. All upgrades come as standard without the need to bolt on additional cover and mental health coverage has been added. Old Mutual's 'There For You' service, offering extra services such as serious illness support, bereavement support and second medical opinion, is also available alongside the policy. The idea is to make CIC "more than just a product", with "high-quality product services" at the heart of the pol...

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