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Legal & General has extended the maximum it assures for critical illness cover to £1 million.

Taking effect on November 18th, the change will also enable customers to take out an extra £1 million business protection on top of their personal cover.

"People are taking out larger mortgages and they require greater flexibility in terms of the amount of cover they need," explained Bonnie Burns, Legal & General’s protection product marketing director.

The spokesperson for the UK’s leading provider added that the firm has sought to meet the needs of today’s families and businesses while responding to the "changing trends" that underpin the market.

"We believe that there is huge potential to help businesses better protect their key assets - their people - and increasing the maximum sum assured reflects our commitment to this market," Ms Burns added.

Another leading insurer, Norwich Union, recently announced plans to extend children’s critical illness cover to all of its policies.

Having introduced the cover as a standard inclusion from August 2003, it provides a benefit of £10,000 or 50 per cent of the sum assured - whichever is lower - for each child on the adult’s policy.
The Insurance Helpline specialises in obtaining cover for people with medical conditions

This entry was posted on Friday, November 2nd, 2007 at 3:06 pm and is filed under Industry.