The firm has also improved three illness definitions to ABI+, making four in total.
The additional illnesses which the policy will now cover includes: Rheumatoid Arthritis, Encephalitis, Open Heart Surgery, Primary Pulmonary Hypertension and Systemic Lupus Erthematosous.
The three conditions that have new ABI+ definitions are coma, heart attack and third degree burns.
The firm has also extended the maximum term on its guaranteed rates from 25 years to 40 years.
Guaranteed rates have also been introduced for stand-alone Critical Illness cover with no premium increases throughout the lifetime of the policy.
Aegon Scottish Equitable will also be providing a new 24 hour helpline run by CareFirst. The new facility will offer a variety of services, including counsellors trained to deal with a wide range of issues such as bereavement and support to those diagnosed with critical illnesses such as cancer.
This service will be available free of charge to all Aegon Scottish Equitable policyholders and their families whenever they need them, not just at the point of claim.
Head of marketing for individual protection Rod McKie says: “When someone is diagnosed with a critical illness or a family is coming to terms with the bereavement of a loved one, an insurance payout is rarely going to be the first thing on their mind. Although the financial aspect of dealing with these situations is vitally important, we also feel that the provision of trained counsellors at the point of need is a valuable service. We are pleased to be partnering with CareFirst to provide this service to all our protection customers.”