Legal & General has released data showing the amount paid out on its individual protection products in 2016.
The figures show that £606m was paid out to policyholders for Critical Illness, Life, Terminal Illness and Income Protection claims, representing a £64m increase on 2015.
Legal & General paid 98.6% of claims for Life, 95.9% for Terminal Illness, and 92.56% for Critical Illness.
Over the last five years, the company has paid out £2.6bn in claims for Life, Critical and Terminal Illness.
Mark Holweger, managing director, Legal & General Insurance (Partnerships), said: "We hope that advisers are able to make positive use of these statistics to further address [the protection] gap."
Legal & General paid out £316.5m in Life claims in 2016, with 98.6% of all claims paid.
The largest claim paid was £1.1m and the average age of claimants was 64 years old.
Critical Illness Claims
Legal & General also paid 92.56% of Critical Illness claims at a total of £181m.
The largest claim was £804,342, whilst the average age of claimants was just 47.
Terminal Illness claims
Legal & General paid out 95.9% of Terminal Illness claims in 2016, to a total of £107m.
The average age of claimants was 54 and the largest claim was worth £1.1m.
Children's Critical Illness Claims
Legal & General paid out a total of £1.8m for Children's Critical Illness in 2016, representing 94.2% of claims, with the largest claim paid being £25,600.
Sadly, the average age of claimants was just 7 years old and the youngest child was just 1 month old.
Legal & General paid 94.4% of all Income Protection claims in 2016, to a total of £1.2m.
The average age of claimants was 41 years old.
Holweger said: "Our figures show that protection continues to play a vital role in supporting thousands of people in their time of need every year, giving them added peace of mind about their finances when they need it most.
"Yet still, the UK continues to suffer from a protection gap which leaves many people's lifestyles at risk should they sadly be diagnosed with a critical illness or unable to work due to long term illness.
"We hope that advisers are able to make positive use of these statistics to further address this gap, and show consumers how important protection can be during an extremely challenging time in their lives."
LV= has signed up to Synaptic's Multi-Benefit quoting service, enabling advisers to compare its multi-benefit and single benefit products and share the most suitable protection product with its clients.
Shepherds Friendly paid 97% of income protection claims during 2016.
The Association of Medical Insurers and Intermediaries (AMII)'s petition to scrap Insurance Premium Tax (IPT) on health insurance has been postponed due to the forthcoming 'snap' General Election.
Aetna International has launched a redesigned secure member portal, Health Hub, which offers members a one-stop-shop to manage different aspects of their health online.