AIG Life announces 'simpler' CI definitions and increased pay-outs

'Start from yes' philosophy

clock • 1 min read

AIG Life has made more than 40 enhancements to its critical illness (CI) offering, including simplified definitions, an expanded range of medical conditions and increased payment levels.

Early stage low-level cancers, severe mental health, sepsis, pregnancy complications, and a seven-day intensive care condition will now see customers receive a payment. Additional partial payments have increased to 50% of the money payable up to £35,000 for both adults and children. Children's CI and child-specific condition payments are now 50% of the sum assured up to £35,000, while child death benefit - paid early if a child is diagnoses with a terminal illness - has increased to £10,000. AIG Life senior propositions manager Nicki Plews said: "When my colleagues and I sat down to l...

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