AIG Life is bringing its group critical illness (CI) cover range in line with its individual CI offering by sweeping away the approach of needing to list every condition and replacing it with definitions based on impact on the individual.
AIG’s group CI consolidates conditions under grouped headings to give employees simpler and broader coverage that avoid the risk that serious illnesses are not covered because they do not fall into precise categories, even though they seriously impact the individual.
This single level of comprehensive cover groups over 27 conditions under eight headings. These groups focus on specific surgeries or the impact on daily life for employees, not the name of the illness. If the impact is the same, the employee will be covered – whatever the name of the condition. The cover headings are
- · Degenerative neurological disorder
- · Reduced heart function
- · Surgery to the heart, aorta or pulmonary artery
- · Surgery via the skull
- · Brain injury
- · Loss of use of a limb
- · Lung disease or removal
- · Blindness or removal of an eyeball.
Also covered are 21 stand-alone conditions that cannot be grouped together.
Flex cover has been made an option for employers of all sizes, and AIG has removed the benefit level limits at flexible benefit windows and lifestyle events, relaxed actively at work requirements and improved related medical conditions exclusion wording.
The provider also includes the option to add total permanent disability (TPD) and provide group CI for the employee’s partner. Support for all the family is offered through 24/7 digital health and wellbeing service Smart Health plus personalised practical and emotional support from Red Arc nurses when they need to claim.
Children’s Cover is also included in Group Critical Illness as standard with every policy. It pays out up to age 18 (or age 23 if in full-time education) and includes 10 child-specific illnesses.
AIG Life managing director, group protection Lee Lovett says: “We’re offering a real game-changer in the group critical illness market that is simpler for employees to understand and enhances the prospect of a successful claim for themselves and their family.
“We’re removing the complexity that has plagued our industry, to make having group critical illness a no-brainer. Until now, employers had to choose which medical situations they want the insurance to pay out on, and needed some level of medical knowledge to know what they’re buying. Really, it’s about relieving employees’ money worries as quickly as possible, to help them feel confident about their financial future. Leaving them to focus on what matters: their recovery.
“We’ve simplified the conditions covered and made it easy for employees to understand by grouping conditions based on the impact it has on everyday life, not the name of the illness, and in turn our cover has broadened. Doing this means the employee’s cover keeps pace with new medical developments and doesn’t diminish over time.
“Whether it’s common childhood illnesses or something more serious, the children’s critical illness cover that comes as part of group critical illness, along with Smart Health’s every day health and wellbeing services, is designed to support families every step of the way.”
