Protection experts have so far responded positively to the Association of British Insurers (ABI)'s public consultation, the Guide to Minimum Standards for Critical Illness insurance.
The trade body has published further details of the scope of the consultation around critical illness (CI) definitions, wordings and exclusions. Since 1999, the ABI published this framework under the name 'Statement of Best Practice for Critical Illness' and this year has renamed the guide to reflect minimum standards for insurers to adhere to. The ABI has also u-turned on earlier leaked proposals to make all stage one cancers eligible for partial payments only. Jennifer Gilchrist, proposition lead who represents Royal London on the ABI Critical Illness Cover Working Group said...
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