For example, in 2017, Best Insurance launched its InstaProtect ASU policy, which had no exclusion periods, simplified medical underwriting terms and paying claimants immediately from the day of purchase.
Also, it makes some provision for critical illness, making a one-off £2,500 payment to claimants who develop a qualifying condition, and allows for people to get their GP to confirm the illness, rather than having to wait for a specialist consultant to confirm the sickness.
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So while there are limitations to ASU and the policies certainly are not as comprehensive or long-term as IP or CIC, they could be useful for some clients, and do have some beneficial uses - but as ever, it is worth reading the small print.
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