Could critical illness cover in the UK be changing.

Here is an excerpt from a recent article in the Scotsman. But how are things going to change?



Critical illness policies are prepped for surgery

Willie Ewen

MAKING a claim on critical illness insurance cover might not be so straightforward in future, if new insurance industry proposals are implemented.

Cancer, along with heart attack, stroke, coronary artery disease surgery and multiple sclerosis have consistently accounted for more than 90 per cent of all claims since critical illness cover was first introduced in the UK back in 1986.

Last month, the Association of British Insurers (ABI) waved the flag of consultation and views are now being sought from consumer groups, the Financial Services Authority, the Financial Ombudsman, financial advisers and medical experts.

To read more click here http://business.scotsman.com/index.cfm?id=1937282005

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