Income Protection

LV= has announced changes to its income protection (IP) policies including a move to 100%‘own occupation' underwriting and improvements to cover for homemakers.

The length of time sick or disabled people are having to wait to find out if they are eligible for benefits is unacceptable, a Work and Pensions Committee report has concluded.

Zurich UK Life's chief executive has written to Chancellor George Osborne ahead of the Budget calling for tax rebates to boost income protection (IP) take-up.

Aegon UK has revealed it paid just over 93% of income protection claims received, an increase of 10% on the previous year (83%).

Cirencester Friendly has revealed it paid out 94% of claims in 2013 maintaining the same pay out rate as 2012.

The average number of days lost to sickness absence has fallen by almost 40% since 1993, dropping from an average of 7.2 days per worker to 4.4 days in 2013.

Zurich UK Life has revealed it paid out 94% of income protection (IP) claims to customers during 2013.

Across England and Wales one in 25 people (4.3 per cent of the usual private household population; 2.4 million people) have self-reported they are in ‘good' health despite a disability, the 2011 census found.

Specialist insurer, UK General, has designed a bespoke income protection policy in a deal with Best Insurance.

MPs are expected to take part debate on a motion relating to the effects of welfare reform on sick and disabled people.