Royal London releases 2018 claims statistics

Royal London have announced that it paid 99% of protection claims in 2018, with more than £506m paid out, to more than 38,000 customers and their families. Nearly £174m was paid in life and terminal illness claims last year, with 95.2% of term life insurance claims getting paid, with an average of nearly £103,000 per claim. Terminal illness claims had an average payout of more than £156,000 with 89.4% of claims being paid. More than £132m was paid in whole of life claims with 99.9% of the claims being paid. The average payout was more than £3,800. Critical illness £190m was p...