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Bupa revises CI product

Bupa Individual Protection has revised its critical illness product covering 14 additional conditions above the ABI minimum standards.

Its critical illness plan now covers 37 conditions and offers a family income benefit version of life insurance with critical illness cover.

It also offers a reduction in premium if at assessment stage underwriters exclude either cancer or multiple sclerosis from the cover.

Child cover benefit of 25 percent up to £25,000 is available along with terms up to 40 years for guaranteed cover

Bupa Individual Protection product and marketing manager Steve Casey says: “We are pleased to offer enhanced coverage to our members. We are especially pleased by the introduction of a family income benefit style and the reductions we are able to offer members when we have to exclude a certain condition. These developments open the door to consumers who previously thought that critical illness was unavailable to them.”


Industry up to Sipp mischief?

Some insurance companies are paying up to twice the level of commission for new Sipp business than for their personal pension or stakeholder products, despite the majority of Sipp money sitting in insured funds.

Submission implausible

Some would say the recent leak of the alleged Association of British Insurers submission to the retail regulatory review revealing that it wants to strip down contracts down to remove product advice does not go far enough.

Actuaries call for shared-risk pensions

The Government must introduce radical reforms in its deregulatory review of pensions, including a “shared-risk” scheme to avoid levelling down with personal accounts, says the Association of Consulting Actuaries.

FSA sends out GI warning

The FSA has warned general insurance firms they must improve their standards of cold calling when selling general insurance over the telephone.


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