Aviva makes reductions on its critical illness cover

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Aviva makes reductions on its critical illness cover

Consumers who are taking out life insurance policies with Aviva will see reductions on their critical insurance cover, if it has exceptions.

Individuals who have a family history of illness or pre-existing conditions will still be able to get insurance when their personal circumstances are excluded and only pay for the cover they receive.

This includes when cancer and multiple sclerosis exceptions are deemed necessary under a plan.

Michael Whyte, chief underwriter at Aviva, said that its cover recognises that each customer is an individual and that their situations differ and change over time and as a result the firm wants to make its cover "more accessible, affordable and relevant to our customers".

This is further to the changes introduced in October, which included the age being assured being raised to 75 and the maximum term for assurance going up from 25 to 40 years.

Aviva also enhanced their Group Risk products this month, with the Free Cover Limit formula on existing and new Group Life policies increasing from £15,000 to £20,000, which is multiplied by the number of lives in a scheme.

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