Bright Grey enhances its Critical Illness Cover
Bright Grey, a specialist protection business providing flexible menu plans, has extended the definitions of three critical Illnesses it covers and added a further two definitions as from today, 27 October. This takes the number of illnesses covered to 35, including four ABI+ definitions, ones that are over and above the ABI standard.
Widening the cover with the addition of new conditions and increased definitions, without increasing the current pricing, fits in with Bright Grey’s philosophy of offering value for money.
The new definitions are:
- Primary pulmonary hypertension
- Systemic lupus erythematosus
The improved definitions are for:
- Aorta graft surgery - traumatic injury has been added
- Coma - the need for the use of a life support system to be for a continuous period of at least 96 hours has been removed
- Third degree burns - burns to the face has been added
Roger Edwards, Proposition Director at Bright Grey said:
"It’s important that we develop our products to continue to meet customers’ needs by updating and adding new conditions where appropriate."
"While the focus is often on the number of conditions providers cover, it’s important that advisers don’t lose sight of the fact that it’s the product as a whole that is important. Protection products that offer the best value include a number of different elements, including clear and simple literature, a comprehensive and sensible list of conditions and aspects such as practical and emotional support."
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market that value premium propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Provident – UK protection market
- Phoenix Life Assurance Limited – provides life and pensions products to Abbey’s national branch network
- Scottish Life International – offshore investment markets
- Scottish Provident International - offshore investment markets
- RLAM – fund management
- RLAS – life and pensions administration
- Fundsdirect / Ascentric – funds supermarket; Wrap Platform
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.4 billion. Group businesses serve around three million customers and employ 2,750 people. Figures quoted are as at 30 June 2008, prior to the acquisition of Scottish Provident’s new business capabilities (in respect of individual life protection business) and of Phoenix Life Assurance Limited.
