Aviva revamps its protection offering

Aviva revamps its protection offering

Aviva has revamped its protection offering with changes to critical illness, income protection and life products.

Critical illness has been added as an option within family income cover. The maximum age at entry has been extended from 59 to 64 and total and permanent disability and waiver of premium are now available to the age of 70.

Aviva has also increased its maximum case size from £2m to £3m.

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In addition to this, with Aviva’s critical illness plans two additional payments conditions, for carcinoma in situ of the breast and early stage prostate cancer, have been upgraded to the lower of £25,000 or 25 per cent of the sum assured.

Previously the payment was the lower of £20,000 or 20 per cent of the sum assured.

Aviva’s early stage prostate cancer definition includes treatment by cryotherapy or ultrasound.

Adviser view

Tony Larkins, managing director of Cambridgeshire-based Beacon Wealth Management, said: “Any improvement to a protection policy is a good thing, but you need to look at how competitive providers are on price and whether a claim would actually succeed.”