Insurance company claims greater payout odds

According to health insurance news today, PruProtect claim that their serious illness cover is more likely to pay out compared with traditional critical illness cover . The insurance company covers 154 different ailments.

Research from Hannover Life Re suggests that consumers are 24 per cent more likely to be covered if they have a PruProtect insurance policy . Customers will be offered financial protection against serious illnesses as well as advanced or life threatening illnesses .

Deepak Jobanputra reportedly commented: Severity based cover is more appropriate for modern protection needs as the likelihood of making a successful claim is significantly better. Meanwhile, Stuart Paton Evans of Hannover Life Re reportedly commented: An example is connective tissue diseases such as rheumatoid arthritis, where a partial payment will be paid on diagnosis regardless of the severity level with the certainty of further financial protection if the disease progresses.