Bright Grey is the latest insurer to upgrade its plan at the same time as it adopts the revised ABI model wordings that must be effected by 31st December 2015, CIExpert has said.
The changes to the policy are as follows:
Additional Payments
Bright Grey provides nine additional payment conditions:
• Accidental Hospitalisation
• Carcinoma in situ of the breast
• Carcinoma in situ of the cervix uteri
• Carcinoma in situ of the oesophagus
• Carcinoma in situ of the testicle
• Carcinoma in situ of the urinary bladder
• Early stage prostate cancer
• Ovarian tumour of borderline malignancy
• Third degree burns to 5%-19% of body
New Condition
Bright Grey has joined Aviva, Canada Life and Old Mutual Wealth by including Spinal Stroke within its roster of conditions.
Claim Wording Alterations
Aplastic Anaemia The definition has been widened to include additional treatments.
Benign Brain Tumour Has been upgraded to include partial removal of the tumour and to comply with the changed ABI model wording.
Cancer Adapted the ABI wording other than not excluding early Chronic Lymphocytic Leukaemia.
Coma The requirement for use of life support systems has been removed.
Heart Attack Diagnosis now extended beyond ECG to other imaging tests.
Multiple Sclerosis No longer requires a 3-month period of continuous impairment or two or more attacks of impairment.
Stroke Eye strokes are now specifically excluded, as per the ABI model wording.
Carcinoma in situ of the breast Now includes elective surgery for lobular carcinoma in situ.
Carcinoma in situ of the cervix Trachelectomy now included as an acceptable treatment.
CIExpert's Verdict
Alan Lakey, director of CIExpert said: "Smaller sums for additional payment conditions was one area where Bright Grey previously fell short and this is now rectified bringing them up to the industry maximum of lower of £25,000 or 25% of the sum assured.
"The changes are uniformly positive and elevate Bright Grey further up the quality ladder."
Further reading
Royal London admits Bright Grey and Scot Prov were 'tired' propositions
Canada Life CI add on to new individual life products a 'welcome addition' - CIExpert
