Bright Grey alters definitions for critical illness cover
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Bright Grey has made changes to its critical illness cover by introducing seven new definitions, which will be implemented today.
It has brought in five new definitions - pulmonary artery graft surgery, encephalitis, intensive care 10 days, multiple system atrophy and pneumonectomy - which will pay the full amount of the sum assured.
Bright Grey has also introduced a further two definitions, for ductal carcinoma in situ and low grade prostrate cancer, which will pay 20% of the sum assured, over and above the original sum assured.
The changes mean Bright Grey now has a total of 43 critical illness definitions.
The firm says that introducing cover for DCIS, an early form of breast cancer, puts it ahead of many of its competitors, which only offer cover for mastectomy.
Ian Smart, head of product development and technical support at Bright Grey, says: “With the treatment of illnesses such as cancer, stroke and heart disease constantly improving and with more people surviving conditions they would have died from 20 years ago, it is crucial that our critical illness cover keeps pace with these advances.
“Introducing two definitions that will provide additional cover for people suffering from early forms of cancer is a big step forward in terms of offering IFAs even greater choice for their clients.”
Scottish Provident has also announced today that will now offer cover for low grade prostate cancer and DCIS, and has introduced five new definitions, which are intensive care 10 days, pneumonectomy, encephalitis, multiple system atrophy and systemic lupus erythematosus.
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