COVER poll: ABI not to re-name TPD

clock

The ABI has announced that it will not be re-naming Total and Permanent Disability (TPD) cover for critical illness contracts in its next Statement of Best Practice to be released next year.

It has, however, agreed industry-wide standard definitions for the condition and will be launching an education campaign with the aim of improving understanding of TPD and reducing the number of claims declined. At present, although TPD accounts for just 3% of claims, 55% of these are declined because consumers do not have a clear understanding about when they can make a claim. For this month's poll, COVER is asking: What do you think of the ABI's decision to not rename TPD but to agree industry-wide definitions and launch an education campaign? To cast your vote, visit the COVER ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Critical Illness

Defaqto launches critical illness comparison tool

For Engage planning solution

Adam Saville
clock 12 February 2019 • 1 min read

Breast cancer still biggest cause of CI claims - Aegon

Group paid £56m in last decade

Adam Saville
clock 25 October 2018 • 1 min read

F&TRC rolls out age-banded critical illness analysis for advisers

Data from each insurer

Adam Saville
clock 27 September 2018 • 2 min read