A supplementary critical illness (CI) plan which will allow consumers to top-up their existing cover on one or two conditions is being talked about by Munich Re.
The reinsurer says CI Plus would cater, for example, for those clients worried about a history of cancer in their family . Where existing CI policies cover a wide range of conditions, CI Plus would enable consumers to add around £20,000 worth of cover, or 30 per cent above the current sum assured, for one or two conditions for a small fee.
Andy Milburn, Munich Re UK's head of marketing, said: "CI Plus would complement not compete with existing Critical Illness plans and it would, unlike traditional cover, be based on a want not a need. CI Plus is a suggestion we allow clients to increase cover above and beyond what they already have, just for one or two conditions, if they have concerns in those areas."
Munich Re broaches critical illness top-up plan
Financial Services > Income lnsurance > News
Munich Re broaches critical illness top-up plan
Wed, 01 Jul 2009
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