Critical illness
(a sub category of Group risk)
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Critical illness
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Friends Provident announces details of 2009 claims
Friends Provident paid GBP34.5m in critical illness (CI) claims in 2009, the company revealed today.
News from Friends Provident (Group Risk), Apr 28, 2010
Employers want their say on sickness benefit
Employers are calling for more say in how the government funds incapacity benefit and employment and support allowance (ESA) for the estimated 2.62 million UK claimants.
News from Group Risk Development, Mar 15, 2010
Groupama enhances personal-accident policy
Groupama has enhanced its personal-accident policy to give brokers targeting the SME sector a powerful sales proposition at a time when small businesses can't afford lengthy staff absences.
News from Groupama Insurances, Jan 25, 2010
Zurich enhances protection proposition
Zurich has introduced a number of changes to its critical-illness cover following a recent review.
News from Zurich, Dec 11, 2009
Legal General revamps Group Critical Illness Cover
Legal General has added five new conditions to its Group Critical Illness 'additional cover' option, taking the total number up to 33.
News from Legal & General, Nov 30, 2009
Unum protects income during long-term absences
Unum's Capital Option offers employers the chance to protect the income of their staff in the event of long-term illness or injury, while limiting their own long-term absence costs.
News from Unum, Aug 27, 2009
Unum provides critical-illness cover
Unum offers group critical-illness cover as an employee benefit to help large and small businesses recruit and retain staff.
News from Unum, Aug 27, 2009
Enrich offers critical-illness cover
Enrich helps its clients find insurance policies to protect their businesses and employees from the financial impact of long-term illness.
News from Enrich Reward (Group Risk), Aug 19, 2009
Swinton selects Friends Provident pension scheme
Friends Provident will supply a new group stakeholder pension scheme to insurance-group Swinton's 4700 employees.
News from Friends Provident, Jul 15, 2009
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Critical illness
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What is it?
Critical illness:
Critical illness insurance pays out a tax-free lump sum to an employee if they should suffer from one of the specific illnesses or injuries listed on the policy. This can include critical illnesses such as cancer, some forms of heart attack and some cancers, accidents, terminal illness, or surgery. The illnesses listed vary between policies, and some can be limited. So, for example, will only pay if an accident results in the loss of two limbs – rather than just one. It’s worth checking the small print for coverage..
Critical illness insurance pays out a tax-free lump sum to an employee if they should suffer from one of the specific illnesses or injuries listed on the policy. This can include critical illnesses such as cancer, some forms of heart attack and some cancers, accidents, terminal illness, or surgery. The illnesses listed vary between policies, and some can be limited. So, for example, will only pay if an accident results in the loss of two limbs – rather than just one. It’s worth checking the small print for coverage.
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