Aviva: Scope of insurance cover can be confusing

www.moneynews.co.uk > Insurance > Aviva: Scope of insurance cover can be confusing

Aviva: Scope of insurance cover can be confusing

Fri 9th Oct 2009

Aviva has told consumers to check the terms of their critical illness protection, since the number of conditions covered does not always guarantee a more effective policy.

Michael Whyte, chief underwriter at the organisation, made his remarks following the news that Aviva will be increasing the maximum sum insured on its critical illness cover to £2 million and widening the definitions of the afflictions covered.

Many companies are increasing the number of conditions that they insure against to make their policies seem more appealing, but this is not the way to judge a good level of cover, according to Mr Whyte.

He pointed out that Aviva will not add conditions to a policy unless they are not included within other definitions, which he claimed will make this type of insurance simpler for customers.

Mr Whyte added: "The conditions covered must have a significant impact on a person's life even if rare and definitions must be able to be fulfilled under current medical practice."

This week, Aviva also announced a set of proposals which it felt will make pensions easier to understand and more flexible.

Click here for more insurance news

Related News : Insurance
	Under-insurance 'a costly mistake for Brits'
	Rodents and pests 'causing havoc for homeowners'
	Brits 'should be aware of home cover details'
	PPI scandal 'has helped tighten financial regulation'
	Location 'can impact home insurance costs for Brits'
	FSA and CC 'failed to tackle PPI issue head-on'
	Pet cover 'important for Brits to get right'
	UK homes are 'falling into disrepair'
	Brits advised on reducing home insurance cost
	UK insurance 'has become more complex'

Related News : Aviva
	Over-55s don't believe in paying for care, reveals Aviva
	Aviva reports substantial payouts for life insurance customers
	Aviva revamps People and Places insurance products
	Fixed-term retirement plan launched by Aviva
	Aviva uncovers pensions calculator 'contradiction'
	Aviva finds grandparents could be financially worse off due to babysitting
	Aviva retirement calculator research 'concerning'
	Planning is key to retirement calculator, says Aviva
	Retirement calculators users nervous, suggests Aviva
	Pensions calculator recommendation offered by Aviva