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ABI to rebrand and standardise TPD

The Association of British Insurer is rebranding and standardising the total permanent disability definition as part of its statement of best practice for critical illness cover.

The move comes in response to an ABI TPD workshop which took place earlier this month to thrash out proposals under the SoBP.

Following a stakeholder workshop the ABI has agreed to propose a set of standard definitions that build on the concept of TPD, produce a standard set of educational materials for insurance companies and advisers to use, explaining clearly the changes and what customers can expect from their policies.

The trade body will then test the proposed definitions with consumers, consult all stakeholders on the new definitions and issue a new statement of best practice for critical illness cover that will include the new set of definitions.

ABI assistant director of health and protection Nick Kirwan says: “It is vital that customers understand what their critical illness policy does and doesn’t cover. The approach we are adopting builds on our previous work to create more descriptive headings and clearer definitions. 

“We were very pleased with the level of response to our consultation. We heard that people want standard definitions, and that education and clarity are key to improving understanding.  We have more work to do, but we now have a clear view of how to go forward and achieve these aims.”


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  2. Something that we need to monitor for the future

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