Scottish Provident has unveiled a series of
product boosters across its self assurance critical illness cover
to coincide with its 175 anniversary celebrations.
As part of the expansion of its critical illness policies,
Scottish Provident has added multiple sclerosis to its existing
ABI+ definitions.
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The enhanced definition means a pay out could be made after
three months of persisting impairment rather than six months. Two
new additional covered conditions – accident hospitalisation cover
and cover for third degree burns are also now included as part of
the cover.
The life insurance provider said the increase means there are 45
definitions with 41 paying the full amount of cover, while a
further four will pay out a maximum of £15,000 or 20% of the main
critical illness benefit, whichever is lower.
Jennifer Gilchrist, senior product development manager at
Scottish Provident, said: “Scottish Provident has
been urging people to make 2012 the year where they take more of a
financial initiative, and ensure that they purchase valuable
protection.”
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By GlobalData
