Aviva is introducing premium reductions for when cancer or multiple sclerosis exclusions are necessary under its critical illness plans. This means customers with pre-existing conditions or family history can still get critical illness cover from Aviva when the conditions are excluded and pay only for the level of cover they receive.
This change is being implemented to all applications currently being processed by Aviva.
The introduction further refines Aviva’s critical illness cover, which in October saw a range of enhancements including:
- Increasing maximum sum assured from £500,000 to £2 million
- Increasing maximum term assured from 25 to 40 years
- Increasing maximum age assured to 75 years
- Increasing number of conditions covered
- Improving definitions of existing conditions and removing unnecessary exclusions
- Increasing scope and doubling the level of free child cover from £10,000 to £20,000.
Michael Whyte, chief underwriter, at Aviva, said: “Critical illness cover offers financial support to customers during a particularly difficult time. At Aviva we recognise that every customer is an individual and their circumstances differ. This latest improvement represents another step in Aviva making our cover more accessible, affordable and relevant to our customers.”
