Zurich has announced it is cutting premiums on its critical illness (CI) plans where exclusions are applied for cancer or Multiple Sclerosis.
The insurer, which paid out almost £60m in CI claims in 2008, says the move is "the right thing to do" and follows an industry-wide campaign, led by broker LifeSearch, to encourage providers to cut premiums where exclusions apply. Zurich is also adding six new CI conditions, extending the total number covered to thirty eight, as well as enhancing a number of its existing definitions. "This is the right thing to do," Zurich UK Life protection management director Peter Hamilton says. He adds the addition of six conditions has not been to "simply play the numbers game". "We have consi...
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