Bright Grey, the protection specialist arm of Royal London Group, is implementing the new ABI standard critical illness definitions.
The new definitions aim to future proof critical illness products and make it even easier for consumers to see what is covered.
At the same time, Bright Grey is introducing four new illnesses to its Critical Illness Cover. These are:
- Open-heart surgery - with surgery to divide the breastbone
- Progressive supra nuclear palsy - resulting in permanent symptoms
- Severe lung disease - resulting in permanent symptoms
- Traumatic head injury - resulting in permanent symptoms
Commenting on the changes, Roger Edwards, Bright Grey’s Product Director, says: “The ABI definitions should bring greater clarity for customers through the revised headings. We have taken the opportunity to investigate where we can include new illnesses and go beyond some of the definitions. For example, we have omitted the requirement for there to be typical clinical symptoms for the definition of heart attack. This means our Critical Illness Cover now covers 33 illnesses, including total and permanent disability “
- These changes also apply to Life or Critical Illness Cover available in Bright Grey’s Menu Protection plan, which also automatically includes the ABI standard definition of terminal illness.
- The four most common critical illnesses that people suffer are heart attack, stroke, cancer and multiple sclerosis (MS).
- Bright Grey's Menu Protection Plan, aimed at individuals, was launched to the market in March 2003. This includes a choice of life, waiver, critical illness and income protection covers.
- The Menu Protection plan also provides cover of up to £20,000 for each of the child when critical illness is included in the plan