Half of CIC policyholders unaware of claimable conditions: Vitality

Lack of awareness around Crohn’s diagnosis payout

Jaskeet Briah
clock • 2 min read

Just over half (51%) of customers with critical illness cover (CIC) were not fully aware of the conditions that they are covered for under their policy, should they need to claim, Vitality has found.

According to a survey conducted among 2,000 UK adults in January 2024, Vitality identified a ‘critical illness gap'. The gap in a customer's understanding of what their policy covers could leave them financially at risk and unprotected against the conditions they expect they would receive a pay out for. Crohn's was a key condition sitting within this critical illness (CI) gap. Overall, 16% of CIC policyholders believed their policy would pay out in the event of a diagnosis of Crohn's However, Vitality said that not all CIC policies cover the condition and those that do require instances ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Critical Illness

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
The importance of care

The importance of care

Value-added services for Cancer survivors

Alan Lakey
clock 10 July 2024 • 3 min read