Jump to main content of pageaccessibility informationSitemap
24 Nov 2024
White Banner - Go Direct as recommeded by Which? Get Instant Critical Illness Insurance QuoteS With Go Direct Cheapest Price is Guaranteed
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Critical Illness News

Life Companies Critical Illness Quote Speak to an Advisor

Trading Standards Institute calls for critical illness insurance legislation review

Current legislations are letting down consumers by allowing them to be penalised when making claims on a critical illness policy, according to the Trading Standards Institute.

Some consumers with critical illness insurance are being denied payments on flimsy grounds such as having a minor ailment unrelated to the serious disease that was not disclosed to the insurer, reports the Mirror.

One case highlighted by the institute involved a leukaemia sufferer being refused because she failed to disclose that she suffered from ear infections in the past.

"People claiming on a critical illness policy will be going through a very difficult time in their lives and should not have this additional worry," the institute's deputy chief executive Paul Ramsden is quoted as saying by the newspaper.

He went on to state that "the law needs amendment to treat the claim in an appropriate manner in the first place", adding that current legal requirements are "letting down consumers through a significant imbalance".

As a result, the organisation has called upon the government to quickly reform the legislations and put in place better regulation for both consumers and businesses.

Only one in five people (20 per cent) have critical illness cover, according to a recent study commissioned by Scottish Provident.

 

Do you want advice on Critical Illness insurance?

After looking through the critical illness insurance information if you would like Critical Illness Advice, complete our critical illness cover and life insurance enquiry form and we will contact you to discuses your protection needs.

You may also be interested in:

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

UK Life Insurance | Mortgage Life Insurance | Critical Illness Quotes | Income Protection Insurance Quote | Life Insurance Advice | Term Life Insurance | Decreasing Life Assurance | Critical Illness | Income Protection Insurance | Accident Sickness Unemployment | Whole Life Insurance | Remortgage | Accident Sickness Unemployment Cover | Pension Term Insurance | Site Map

Trading Standards Institute calls for critical illness insurance legislation review