Aegon has “substantially” improved its critical illness plan by adding a new condition and increasing the number of partial payment conditions, says CI comparison site CIExpert.
Aegon’s CI policy now covers a total number of 43 conditions, having added cardiac arrest treated by implantation of a defibrillator.
It has also added eight new partial payment conditions. They include: accidental hospitalisation, cerebral aneurysm, cerebral ateriovenous malformation, critical fracture cover, Crohn’s disease, early stage prostate cancer, partial loss of sight and ulcerative colitis.
For partial payouts, the insurer will pay between £1,500 and £25,000 in addition to the main benefit.
Aegon has also improved definitions for existing conditions, including blindness, the loss of a hand or foot, paralysis, carcinoma in situ of the breast and children’s cover, which pays £5,000 death benefit for children aged under 30 days to 18 years, or up to 21 if they are in full-time education.
Aegon now has 18 definitions classed as ABI+, the industry’s quality standard, compared with 14 previously.
CIExpert director and Highclere Financial Services partner Alan Lakey says: “Aegon is again in the mix when it comes to selecting a value for money CI plan. Consumers and advisers have come to expect wide ranging cover and sensible claims definitions and this is a major step forward for Aegon.”