94.6% of critical illness claims paid in 2017 by wealth manager
For the eighth year in a row, wealth management firm Old Mutual Wealth has published claims data showing that all life insurance claims were paid out over the space of 12 months. Meanwhile, 94.6% of all CIC claims were paid in 2017 totalling up to £60.3m in life and critical illness payments during the space of the year, and the average claims size was £152,704 for life and £165,748 for critical illness. Over 78.5% of CIC claims were made for top three claims - cancer (55.8%), stroke (12.3%)...
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