Critical illness (CI) and life insurance claims payments reached almost £2bn last year, according to figures published by the Association of British Insurers (ABI).
Zurich paid 89% of critical illness (CI) claims received in the first six months of the year with payments amounting to £43.7m.
Scottish Provident paid 91% of critical illness (CI) claims during the first half of the year.
LV= paid 93% of its income protection (IP) and critical illness (CI) claims in the year to the end of June.
Bright Grey paid 90% of critical illness claims in the first half of the year.
Bright Grey has reduced premiums for plan holders with reviewable life or critical illness cover.
Defaqto has published a free guide highlighting opportunities in the critical illness sector for advisers.
Businesses are seeing budgets stretched in many ways, but, as Owain Thomas found, advisers who are creative with solutions could produce a windfall for themselves in the group critical illness market
Aegon has increased its medical underwriting limits for its life and critical illness (CI) protection proposition.
Zurich has amended its critical illness (CI) plans and produced a multi-media pack to help advisers promote the benefits of the product's cover.