Bright Grey overhauls CI and life cover

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Bright Grey has added to its critical illness cover for personal and business protection menu plans with changes to definitions. It has also increased its limit for life cover.

The provider has added two new definitions which pay out in addition to the sum assured (20% over and above original sum assured up to a maximum of £15,000) and an additional ABI+ definition, multiple sclerosis.

The two additional conditions are one for accident hospitalisation cover, of 28 consecutive days, and the other for third degree burns.

The limit for life cover has been increased to £10,000,000.

In addition there has been an increase in the maximum age for Guaranteed Life or Critical Illness Cover from 54 to 59

Bright grey said these changes take the total critical illness definitions to 45, with 41 paying the full amount of cover and 4 paying out in addition to the sum assured and 10 classed as ABI+ by exceeding the ABI's standard definitions.

Roger Edwards, proposition director, Bright Grey,said: "With so much focus on the gender directive at the moment the importance of life insurance for women has been well sign posted. But what about their wider protection needs?

"When you consider that every year in the UK, twice as many women than men are diagnosed with multiple sclerosis, it's a great opportunity to think about critical illness cover at the same time."

 

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