The Association of British Insurers has published a consultation document outlining the proposed changes to some of the common definitions used in private medical insurance product literature.
The new proposals from the regulatory body are designed to improve the public’s understanding of health insurance. In turn, the clarifications are expected to help consumers compare policies and choose the best one for them and their families.
The Association of British Insurers (ABI) document has also introduced a new, clearer explanation of how cancer is covered by private medical insurance. The ABI has held detailed pre-consultation discussions with Cancerbackup and others on these proposals.
Nick Starling, the ABI’s director of general insurance and health, said: The changes we are proposing to make to our statement of best practice for private medical insurance will improve the clarity of common definitions and, importantly, improve people’s understanding of cancer cover in particular. We are grateful for the help and support we have had from Cancerbackup on this important work.