All articles by Ronan Mccaughey
Ronan Mccaughey
Rise in AEGON’S CI payout rates for 2011
AEGON UK paid 93 per cent of all individual protection critical illness (CI) claims in 2011, 2% higher than in 2010. Of the claims declined, AEGON UK said 81 per cent were due to the definition of the critical illness not being met and 19 per cent were due to non-disclosure of important information.
HSBC Insurance rolls out early critical care plan
HSBC Insurance has launched a new early critical care plan that provides financial protection for the early detection of a medical condition by making lump sum payouts of 100% of the sum assured upon diagnosis. HSBC said the plan differentiates itself from similar products in the market by providing 100% payouts, of up to S$1 million, at all stages of a medical condition from early to intermediate and critical.