AIG Life has released a simpler version of group critical illness (CI) insurance, matching its individual critical illness offering. This process removes the idea that every condition it pays on needs to be listed.

AIG’s Group Critical Illness consolidates conditions under grouped headings to give employees simpler, fairer, and broader coverage. This also enhances the prospect of a successful claim for an employee and its family.

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The headings are:

  • Degenerative neurological disorder
  • Reduced heart function
  • Surgery to the heart, aorta or pulmonary artery
  • Surgery via the skull
  • Brain injury
  • Loss of use of a limb
  • Lung disease or removal
  • Blindness or removal of an eyeball.

In addition, 21 stand-alone conditions that don’t make sense to group together are also covered.

AIG Life updates its flexible benefits terms to make sure they meet employees’ needs. As well as making sure flex cover is an option for employers of all sizes, it has removed the benefit level limits at flexible benefit windows and lifestyle events.

“We’re offering a real game-changer in the group critical illness market that is simpler for employees to understand and enhances the prospect of a successful claim for themselves and their family”, said Lee Lovett, managing director, group protection at AIG Life.

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“We’re removing the complexity that has plagued our industry, to make having group critical illness a no-brainer. Until now, employers had to choose which medical situations they want the insurance to pay out on, and needed some level of medical knowledge to know what they’re buying. Really, it’s about relieving employees’ money worries as quickly as possible, to help them feel confident about their financial future. Leaving them to focus on what matters: their recovery.

“We’ve simplified the conditions covered and made it easy for employees to understand by grouping conditions based on the impact it has on everyday life, not the name of the illness, and in turn our cover has broadened. Doing this means the employee’s cover keeps pace with new medical developments and doesn’t diminish over time.”