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Swiss Life bolsters critical-illness plan

Swiss Life is improving its critical-illness cover by offering care planning to claimants in a bid to bring it in line with rival providers.

The insurer is also adding seven new conditions to the plan, including aplastic anaemia, Aids through assault, bacterial meningitis, cardiomyopathy, liver failure, severe lung disease and progressive supranuclear palsy.

It is linking up with advisory service Red Arc to provide care planning for claimants in addition to their cash benefit.

Red Arc is used by several providers at the group level but it is rare to be offered in connection with an individual protection product. It offers a free home visit service from a specialist nurse, a dedicated 24-hour helpline and guidance for the individual and family.

Children&#39s benefits are also being improved by raising the maximum payment to £25,000 from £20,000 or 25 per cent of the sum assured, whichever is lower. The age limit for children has been reduced to 30 days from six months.

Personal finance research and planning manager Rosalind Pearson says: “We are always looking at ways we can offer added value to our range of protection products. The introduction of the Red Arc care service offers an holistic approach to protection provision and supports our strategy of providing customers with more than a cheque.”


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Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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