Although a “new” product in pure protection insurance terms, Critical Illness (CI) insurance is seen as an increasingly important form of insurance coverage for individuals, as well as gaining popularity as part of employee benefits packages. Paying out well over £1bn of benefits to 1000s of customers who have suffered a critical illness.
Critical Illness insurance is designed to pay out a cash lump sum upon the diagnosis of a serious medical condition that may have life-threatening or life-altering implications.
This course is designed as a top-level introduction to Critical Illness insurance covering what it is, the policy cover, exclusions & limitations, how it can be sold/ packaged, underwriting considerations, broking considerations, claims and regulation.
At the end of this course you will be able to:
- Recognise what Critical illness insurance is and the key components of the cover
- Gain a top-level understanding of the underwriting considerations for CI insurance
- Recognise and understand the key considerations when distributing CI insurance
