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Skandia revamps critical illness

Skandia Life is revamping its critical illness plan to cover policy holders who are struck down by bacterial meningitis.


The life office says it is revamping its Lifetime Plan for the ninth time in eight years to reflect the growing number of recorded meningitis cases.


It says the revamped policy is aiming to increase IFA confidence in recommending Lifetime Plan after it splashed out a number of payments to clients who were not covered when the policy was originally taken out.


The changes to its critical illness policy include increasing to £20,000 from £15,000 children&#39s benefit payments and &#34loss of independent existence&#34 will be paid on failure of three activities of daily living rather than four.

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