Paid life claims reached 99% and mental health most common reason for IP pay-out
Zurich has announced it paid 97% of all retail protection claims last year - a payments total of £235.2m to 2,872 customers and their families - which compared to 95% paid claims in 2016 (£224.6m). Critical illness A total of 867 critical illness claims were paid in 2017 (95%), at a cost of £65.2m to the insurer. Cancer - the most common cause of critical illness pay-outs - alone accounted for 59% of CIC payments and amounted to £40m worth of claims. Heart attack was the second most common...
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