Virgin has launched a new health insurance product, The Big V, which covers against the financial impacts of contracting cancer.
The product, which is sold by the Virgin financial services arm and is administered by Scottish Widows, pays out in stages once cancer has been diagnosed, and is claimed to be 45% cheaper than standard critical illness policies. It also claims to be the “most comprehensive cancer cover” you can get, as well as insuring against other terminal illnesses.
Read more coverage about Virgin cancer cover at Reuters.
Update: Virgin Cancer Cover Criticised