TPD to take its final steps with ABI revisal

Its 2009 Statement of Best Practice for Critical Illness Review Consultation Paper proposes to replace the TPD clause in critical illness insurance policies with a set definitions to ensure clarity about what conditions are, and are not, covered. Commenting Richard Walsh, managing director of SPPR Consulting, said: "Two questions come to mind: Overall what proportion the TPD claims looked at would have been paid using the proposed new definitions? Particularly what proportion would have been paid for back pain and depression (24% and 18% of the claims respectively - the largest categorie...