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Another provider boosts CI plan as L&G follows Aviva’s lead

Legal & General has enhanced its critical illness plan by providing additional cover for low grade prostate cancer and three improved definitions.

The insurer will now offer a partial payout of £25,000 or 25 per cent of the sum assured for low grade prostate cancer, whichever is lower.

L&G has also upgraded its definitions for cancer, stroke and multiple sclerosis to Association of British Insurers plus status, the industry benchmark for CI definitions. The insurer now has 14 ABI+ definitions.

It has also increased the maximum age for child cover from 18 to 21 if they are in full time education.

After a claim on a joint life policy, L&G will now allow the non-claimant can request reinstatement after completing a health declaration.

L&G product and technical director Bonnie Burns says: “Our customers want to know that should the worst happen they have the cover in place that will do what it promised when they bought it. These enhancements will help us ensure we deliver on that promise.”

Last month, Aviva improved its critical illness cover plan by covering three new conditions and upgrading five of its illness definitions.


Capita life and pensions chief Parkinson departs

Capita life and pensions managing director Steve Parkinson has left the firm. He left around two months ago but no announcement was made at the time. Capita says Parkinson’s duties will be taken on by the current management team. Capita life and pensions is led by divisional director Stephen Sharp. A Capita spokeswoman says: “Steve […]

Buy-to-let sector escapes summer slowdown

Buy-to-let was the only market section not to shrink in July, according to the latest Housing Market Activity Report by Connells Survey & Valuation. Residential valuations fell by 13 per cent compared with June, despite the total number of residential valuations growing by 8 per cent in July, compared with a year ago. Connells attributes […]

Jelf links with Scottish Widows on auto-enrol proposition

Jelf Employee Benefits has linked with Scottish Widows to launch an automatic enrolment proposition. Jelf Money at Work is designed to provide employers and their staff with support ahead of auto-enrolment. As part of the launch, Jelf has negotiated a deal with Widows allowing employers enrolling staff at the minimum of 2 per cent to […]


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