Canada Life is giving up to £20,000 free critical illness (CI) cover for the children of all group CI policy members.
Available via CLASS, Canada Life’s automated service for intermediaries, the benefit will be payable under the policy if a child is diagnosed to be suffering from one of the insured illnesses .
Canada Life says that the amount paid out under the cover will be the lower of either one quarter of the total of the member’s scheme benefit, or £20,000. Children of a member, natural or legally adopted and aged between 30 days and 18 years will be eligible for this benefit.
Dan Stewart, CLASS business development manager, said: "The critical illness market has extremely low penetration in the UK which presents an excellent opportunity for growth. Free children’s critical illness cover serves to enhance the product and we hope that it will help raise awareness and highlight the benefits of this valuable product."
Canada Life gives children free critical illness cover
Financial Services > Income lnsurance > News
Canada Life gives children free critical illness cover
Fri, 11 Jul 2008
Recommended links
Income insurance portalCritical illness - an introduction
Critical illness - what's covered
Critical illness - exclusions
Payment protection insurance guide
Quote forms
Compare critical inllness cover
Declined Critical Illness claims cut by third says Friends Provident
| Income Insurance news |
|---|
| Price essential consideration when placing business protection - Thu, 20 Nov 2008 |
| Payment protection insurance report greeted as victory for consumers - Wed, 19 Nov 2008 |
| New private medical insurance product launched by Exeter Friendly - Tue, 18 Nov 2008 |
| More News |
Save on Your Mortgage
Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.
Protect Your Health
Find Critical illness, Life and Private Medical Insurance PMI policies.