Aviva boosts critical illness insurance

Thursday, 08 October 2009 12:00

Aviva has revamped its critical illness cover, a move which will see the maximum sum insured increase to £2 million.

The insurer is also extending the terms for which the policies are available and widening the definitions covered as part of the improvements.

Michael Whyte, chief underwriter at Aviva, said: "Critical illness protection helps financially support families during some of the most difficult times they can experience.

"The changes Aviva has introduced will increase consumer confidence by reducing the complexity and making its cover more comprehensive."

The policy terms now include an increased maximum sum insured of £2 million, up from £500,000 and a maximum term assured of 40 years, an improvement on the previous 25 years.

Aviva will insure up to a maximum age of 75, and it has removed unnecessary exclusions.

It said there was also increasing scope in its policy terms and it had doubled the level of free child cover from £10,000 to £20,000.

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