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May 25, 2012updated 13 Apr 2017 8:44am

Scottish Provident boosts product range

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 The enhanced definition means a pay out could be made after three months of persisting impairment rather than six months

By Ronan Mccaughey

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.

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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