Well Woman Insurance was a trading brand of Chartis Insurance Direct, born after AIG in 2009 rebranded due to economic conditions. However by the mid 2010's Chartis changed names back again back to the AIG Direct brand.
AIG conducts business in over 50 countries and territories around the world, operating exclusively outside the USA. AIG Life Uk were also the shirt sponsors of Manchester United. ALICO & AIG ( then part of Chartis) had expanded its presence in the Uk via its office operations in Croydon. In 2010 Alico was sold to Metlife.
Chartis Direct & AIG Direct UK product range was promoted with TV adverts using celebrities like Gaby Roslin. Also included distribution via Web plus many 3rd party plans via Boots, Barclaycard, Store Catalogues and Pax life insurance.
WELLWOMAN INSURANCE - OLD PRODUCT REVIEW 2020
Looking in 2020 to compare old Well Woman Women's cancer products - or alternatively now wish to take out new women's critical illness cover via other Uk leading Insurers ?
Chartis & AIG Direct offered basic branded Critical Illness plans. They concentrated mainly just only on core female cancer conditions and targeted for women & also men in the UK.
So if you’re diagnosed with one of the gender-specified invasive cancers you may get:
In 2020 AIG Direct UK are no longer offering new purchases of...
WELLWOMAN CANCER INSURANCE Frequently Asked Broker Questions
Can you make changes to your Well Woman Insurance policy ?
In terms of changing your insurance policy, often you can request some of the following:
The changes could be subject to medical underwriting based on your circumstances at the time & may well affect your premiums. Contact ReAssure or AIG Insurance.
What if my health or lifestyle changes after I have taken the Wellwoman policy ?
Critical Illness Cancer Insurance cover is based on full disclosure at the time you took the policy out ie; being 100% as honest & accurate as possible. So any health or lifestyle changes since usually does not void your existing policy, as it wasn't relevant at that time of initial application. Please check your original policy T&C's
Are WellWoman Insurance payments subject to UK tax ?
Under current laws, these insurance payments are free of UK income tax. Other taxes can possibly apply, depending on your circumstances.
Can you take out any Critical Illness plans that have more comprehensive cover ?
Well Woman is a specific women's Cancer based plan. In 2020 many insurers policies now cover over 50 types of critical illness including the most common types of cancer, plus heart disease, stroke and MS etc; Assuming you are still fit and healthy, if this concerns you, it makes sense to consider taking out more comprehensive cover critical illness cover.
Is Wellwoman Insurance a lump sum or an income if diagnosed with cancer ?
These types of female cancer insurance plans are designed to pay tax free lump sums, not an ongoing income. If this concerns you, then Income Protection PHI Insurance can also offer peace of mind of a tax free monthly income alongside your Well Woman policy. These policy can usually cover you if unable to work due to any accident, sickness or hospitalisation.
How do Life Insurance Companies proove you are a smoker or non-smoker ?
How do Insurance Companies know if you smoke ? On your doctors notes you declared yourself a smoker or non-smoker. So on the life insurance application, there is no point in lying when you apply, as your policy may not payout & you could waste the premiums and leave your family devastated. Insurers may also do cotinine smokers health test.
If I started smoking after taking out well Woman Insurance - Do I need to now tell ReAssure ?
If you had legitimately stopped smoking for over 12 months at that time of original application, you may wish to advise the Insurers you have started smoking again - but this should not affect the original policy terms which should still stand - you were being honest. Also maybe suggest letting your GP know if this is the case.
Article on: Well Woman Insurance ~ for more information visit aig.co.uk or reassure.co.uk
Well Women Insurance