A short standardised summary of what a policy covers and excludes.
Usually shortened to IPID. Insurers must provide one for general insurance products; it sets out the main cover, the main exclusions and the obligations on you, in a standard order and a standard format. It is designed for comparison between products and is much shorter than the policy wording — but it is a summary, and the wording still governs.
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Critical illness cover is worth it when a serious illness would cost your household more than it could absorb — for example, with dependants, a mortgage, little sick…
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Yes. Standalone critical illness cover pays a lump sum on a qualifying diagnosis and nothing on death. Combined life and critical illness policies usually pay once, then end.…
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Income protection is worth it if losing your earnings for months would put your home or family at risk and sick pay, savings or employer cover would not…
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No. Income protection pays when illness or injury stops you working, not when you lose your job. An existing claim may continue after redundancy if you still meet…
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It depends who pays. Personal policies get no tax relief on premiums, but benefits are generally tax-free. Sole traders usually cannot claim premiums as a business expense. A…
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Yes, some insurers offer private health insurance for a child on their own, with a parent or guardian as the policyholder; others only cover children alongside an adult.…
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