Legal & General has made a number of improvements to its critical illness offering, including the introduction of two new conditions and an extension of the maximum age at outset to 67.
The provider’s CI product now covers cardiac arrest with defibrillator insertion and accidental hospitalisation benefit, which pays out £5,000 if the insured individual spends 28 consecutive days in hospital due to physical injury, on top of the existing conditions covered.
The provider has also increased the maximum age at the outset of the policy from 62 years of age to 67.
Other improvements include extended children’s critical illness cover. Policyholders will now be paid £5,000 if a child spends 28 consecutive days in hospital due to physical injury, £4,000 towards funeral costs if the child dies and up to £100 a night, up to £1,000, for family accommodation for each night a child spends in hospital following diagnosis of one of the policy’s conditions. Previously, the provider offered only a £25,000 pay out upon diagnosis of one of the conditions.
L&G has also made total permanent disability optional and is now offering an indexation option, where the payout can be linked to inflation.
CIExpert founder Alan Lakey says: “L&G has picked itself up from mediocrity and turned into one of the market leaders as a result of these changes.”