This sort of thing grips me. Bloody Insurance Companies treating Servicemen as Assurance items (Insurance = may happen, Assurance = will happen) and making a hefty profit from them.
Surely, in this day and age, it's not beyond MoD's capabilities to provide what the private sector cannot provide. A sensible/affordable Armed Forces Life/Accident Policy with each member of HM Forces paying in.
Bugger, I mentioned sensible, affordable and MoD in the same paragraph.
I'll get my coat.