British Friendly has announced its paid claims percentages for the last twelve years.
Since 2005, when British Friendly began recording its claims data, the friendly society has paid 96.7% of all Income Protection claims. British Friendly statistics for the whole of 2017 are 92.4% paid, 7.6% declined. Of the declined claims 2.8% was for non-disclosure and 4.8% was for not meeting the definition of incapacity. The main reasons for claims are: Orthopaedics (musculoskeletal conditions) - 44% of paid claims, viral illness /respiratory - 16% of paid claims and mental health conditions...
The Exchange indicates 'record-breaking quarter' for critical illness, life, income protection and multi benefit products for first three months of 2018
He joins L&G's Insurance division from Sun Life
Compulsion for all providers and distributors to be regulated by FPA and minimum solvency among proposals
£20 to £100-a-month premiums to cover funeral costs, clear debt and leave money to family