Income Protection

Legal & General retail protection paid 91% of income protection claims last year, its statistics have shown.

Cirencester friendly's annual results show increases in membership and premium income with reduced operating costs, despite confusion around RDR and Holloway products.

Aviva paid 93.5% of income protection claims in 2012, the insurer's claims statistics have shown.

Legal & General has stressed the importance of income protection following Shelter reports of increasing numbers of people receiving housing, debt and benefits advice.

Exeter Family Friendly has published statistics for income protection claims in 2012.

Friends Life has no current plans to publish income protection claims statistics, citing concerns about inconsistent and differing criteria.

Bright Grey and Scottish provident have published income protection claims statistics for the first time.

Surveys suggest only around 1 in 10 UK employees have income protection insurance, yet as Which? says ‘The one protection policy every working adult in the UK should consider is the very one most of us don't have - income protection'.

Providers have welcomed the government's statutory sick pay increase, but warned against "woefully" high rates of unprotected families as welfare cuts continued.

LV= is offering a 5% discount on all income protection to stimulate adviser sales.