Bright Grey adds CI conditions and ups life cover limit

Provider adding two new conditions

Bright Grey has added two new conditions and an ABI+ ('Association of British Insurers plus') definition to its critical illness (CI) cover.

The provider has added two definitions which pay out in addition to the sum assured: accident hospitalisation cover (28 consecutive days) and third degree burns.

It has also improved its multiple sclerosis definition to ABI+, taking its total number of ABI+ definitions to 10 and its total number of conditions to 45. Of these, 41 pay the full amount of cover and four pay out in addition to the sum assured.

According to Defaqto, this puts Bright Grey ahead of the competition, as it calculates the average number of conditions covered by a CI policy is 40.

But the financial research company points out it can be difficult to judge as providers vary as to whether they include total and permanent disability (TPD) cover and terminal illness as separate conditions.

In terms of ABI+ definitions, Defaqto calculates Bright Grey is slightly behind the average of 11. LV= claims to have the most ABI+ definitions at 16.

Bright Grey has also increased the limit of its life cover to £10m, and increased the maximum age for guaranteed life and CI cover from 54 to 59.

Roger Edwards (pictured), proposition director at Bright Grey, said: “With so much focus on the gender directive at the moment the importance of life insurance for women has been well sign posted.  But what about their wider protection needs? 

“When you consider that every year in the UK, twice as many women than men are diagnosed with multiple sclerosis, it’s a great opportunity to think about critical illness cover at the same time.”

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