Income Protection

The Income Protection Task Force (IPTF) has said it is "delighted" by the recent publication of income protection (IP) claims statistics by insurance companies, and argued the move would boost consumer confidence in the market.

Advisers have called for more detail and clarity around claims statistics, following the publication of income protection (IP) figures from Friends Life earlier today.

Friends Life has announced its income protection (IP) claims statistics for the first time.

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.