LV= has made changes to its critical illness insurance, increasing the number of conditions and partial payments covered.
The provider is now offering cover on 48 conditions, up from 38, and has raised the number of ABI+ definitions by seven, taking the total to 16.
Extended definitions apply to some of the most common reasons for claiming on a CI policy, including stroke, cancer and multiple sclerosis.
The increase in ABI+ definitions will result in more claims being paid and sometimes at an earlier stage, LV= said.
For example, the standard ABI definition for multiple sclerosis states that symptoms must have persisted for at least six months. But an ABI+ definition cuts the period that symptoms must have persisted to three months.
The critical illness cover now also offers seven partial payments, up from two.
Mark Jones, LV= head of protection, said: “We’ve worked hard to enhance our critical illness product in a meaningful way, to make it not only market leading, but more importantly, to add real value.”
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