Protection provider Bright Grey has improved its critical illness cancer definition for its personal and business protection plans.
The additional cover is for chronic lymphocytic leukaemia, where a clear diagnosis has been made but it has not progressed to Binet stage A. Previously, Bright Grey would only cover chronic lymphocytic leukaemia if it had progressed to stage A.
It has also extended its definition of skin cancer to cover basal cell carcinoma and squamous cell carcinoma where they have invaded and spread to lymph nodes or metastasised to distant organs. This takes its skin cancer definition to Association of British Insurers +, which means it goes beyond what the ABI standard definition.
Bright Grey’s CI plan now covers 45 illness definitions,11 of which are now classified as ABI+.
Head of product development and technical support Ian Smart says: “When you consider that the single biggest cause of claims on a critical illness policy last year was cancer, it makes it so important to make sure that the definition is as wide reaching and robust as possible.
“Although we are seeing more people being diagnosed with cancer, we are also seeing more people surviving it as well. This emphasises a much greater need for protection and putting a financial safety net in place. Everyone should be encouraged to have some critical illness cover in place to help take away money worries should the worst happen.”
CIExpert founder Alan Lakey says: “Each year there are around 3,300 new diagnoses of CLL. Typically this affects those age over 25. To positively diagnose CLL specialists will require blood tests, CT scans and various biopsies. It is unclear how many, if any, additional claims the Bright Grey definition change will allow.
“Similarly, whilst having basal cell and squamous cell skin cancers included – as does Aegon, Ageas, Friends & LV – there is no compelling evidence that it will result in many more agreed claims. However, it is good that plans cover as many contingencies as possible and we applaud Bright Grey’s desire to clarify the coverage of their plan.”