MetLife UK has announced the launch of ChildShield that supports families should their child(ren) have an accident or become seriously ill.
ChildShield has been designed in consultation with financial advisers and customers to enhance family cover and help to close the protection gap.
It covers all children in the family up to 23 years old – including stepchildren and children who no longer live within the same household.
There is no limit to the number of claims that can be made.
From just £6 per month, ChildShield provides financial protection should parents need it – such as having to take time off work to care for their child(ren).
The policy covers a range of accidents and illnesses; from a 24 hour stay in hospital or a broken bone up to a cancer diagnosis or selected serious illnesses.
There are two levels of cover that parents can choose: Standard or Plus.
The coverage is the same, except ChildShield Plus pays double the benefit, at less than twice the cost.
In addition to financial support, policyholders will also benefit from MetLife’s Virtual GP (GP24) offering and will also have full access to its Wellbeing Hub.
Dominic Grinstead, managing director at MetLife UK said: “No parent wants to think about our children having accidents or being ill, but the reality is that despite our best efforts, accidents do happen.
“And when children suffer something serious, we want parents to focus on being there in the moment your child needs you – not worrying about the financial impact.
“That’s why we have launched ChildShield. It offers flexible, affordable, peace of mind for modern family life.”
The phased launch to the market begins today (31 August) initially with a select group of ten distributors.
The new product will then be widely available to the protection market by the end of the year.
Commenting on the product, Debbie Kennedy, chief executive at LifeSearch, said: “With ChildShield, MetLife has designed a product that truly meets the real need of families.
“They have recognised that being able to support your child either for sickness or accident is a moment that matters.
“What I love about ChildShield is that it goes beyond the aches and breaks that children will suffer and provides mental health and wellbeing support 24/7, all year round.
“It’s accessible and available in the moment; products like these will bring new customers to protection.”
