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Life and critical illness insurance

11fernsroad
11fernsroad Posts: 236 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Insurance & life assurance
Hi
I have life and critical illness insurance which we started 2 years ago.
One month ago I was diagnosed to have diabetes(still on diet control)
Do I need to inform the insurance company of the new development and will it affect my premium (or even pay outs) ?

Comments

  • dunstonh
    dunstonh Posts: 121,359 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    No. Applications are a snapshot in time for known issues. You do not need to notify them.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Weighty1
    Weighty1 Posts: 1,237 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    As above, you don't need to inform the insurer. It's worth noting that it's extremely difficult to get critical illness cover again if you're diagnosed with diabetes so I'd recommend you think very carefully before you ever consider cancelling it (not saying you're thinking of cancelling, but just making you aware)
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