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ABI to publish CI jargon busting guide for IFAs

The ABI has begun consulting on a guide to critical illness insurance definitions.

As revealed in Money Marketing last month, the guide will be an aid to IFAs, customers and claims assessors, to help them understand the meanings of medical definitions.

The trade body hopes it will result in improved information through advisers and fewer disputed claims.

The ABI is seeking the views of insurers, IFAs, consumer organisations and the Financial Ombudsmen Service in the development of the guide. It is also consulting on revisions to its CI statement of best practice, in advance of FSA regulation next January.

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