ABI move to axe TPD could boost severity products

Scott, Tracey
July 2009
Money Marketing;7/23/2009, p7
The article reports on the plan of the Association of British Insurers (ABI) in scrapping total permanent disability (TPD) policy from being covered under the critical-illness insurance product in 2009. Actuarial product director Deepak Jobanputra stresses that the plan by ABI will allow providers to consider severity-based products. Jobanputra adds that the payment of claims can be done sooner under the severity-based policy.


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