Ageas retrospectively boosts claimants CI payments

clock • 1 min read

Ageas Protect is to contact critical illness customers, including those that have already claimed, to inform them that their terms and conditions have been improved.

Following the launch of an enhanced Critical Illness product in November, Ageas said that all enhancements would be applied at no extra cost and retrospectively to existing customers for the second year running.

Ageas Protect has revisited all previous critical illness claims made by their existing customers as part of the retrospective improvements.

Existing claimants will be contacted if their claim is against one of the conditions that were improved in November, and offered an increased pay out where appropriate.

At least two children's critical illness claims are included in this exercise, where the parents of those children will now receive double the sum that they had originally been paid.

Andy Millburn, head of marketing at Ageas Protect says: "We've chosen to apply improvements to our existing customers' policies, and also felt strongly about contacting previous claimants who may now receive a higher pay out as this underlines our commitment to treating customers fairly.

"We've had great feedback from advisers about our approach, and would like to thank our critical illness reinsurers, SCOR Global Life, for working with us to implement these improvements."

 

More on Critical Illness

Aviva boosts critical illness offering

Aviva boosts critical illness offering

Includes elements of AIG’s proposition

Jaskeet Briah
clock 18 November 2024 • 3 min read
FCA launches market study into pure protection

FCA launches market study into pure protection

Broad remit for investigation

Cameron Roberts
clock 28 August 2024 • 2 min read
Core vs comprehensive CI

Core vs comprehensive CI

Question of quality

Alan Lakey
clock 13 August 2024 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read