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Scottish Equitable revamps its group critical illness plan

Scottish Equitable Employee Benefits has significantly revamped its group critical illness plan to make it one of the most innovative on the market at the moment.

The scheme is aimed at medium to large companies that have high numbers of senior executives looking to take advantage of increasing their critical illness cover because their salaries are higher.

With this in mind, the maximum level of cover has been increased from £150,000 to £250,000.

A 10-year moratorium clause has also been introduced, allowing employees who, in the last 10 years, have suffered an illness or condition covered by the policy, to join the plan, so long as they have not had treatment for it in that period.

The company has introduced the moratorium clause to move away from other products that rigidly exclude people from cover who have suffered from a critical illness in the past, but who have now recovered or who have not received treatment for a number of years.

Also, the total number of conditions covered by the product has been increased from 18 to 25. The new conditions are: aorta graft surgery, benign brain tumour, coma, heart valve replacement or repair, loss of limbs, balloon angioplasty, major head trauma and pre-senile dementia.

Group schemes that take on the plan can choose the full 25 conditions or reduce these down to the seven industry-standard core conditions of cancer, coronary artery bypass surgery, heart attack, kidney failure, major organ transplant, multiple sclerosis and stroke.


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