Scottish Provident paid out on 93% of all claims assessments concluded between January and June 2009 (an increase of six percentage points on the first half of 2008).
The Critical Illness Claims Report released today by Scottish Provident reveals that the total paid out to Critical Illness policyholders in the first half of 2009 reached over £43 million, with an average payout of £74,207.
For the first half of this year almost £30 million was paid out for cancer claims and over £3.7 million in claims for heart attacks alone. Cancer now accounts for 62% of total claims paid in comparison to 54 percent for the same period in 2008. Claims paid for heart attacks, on the other hand, have marginally decreased - accounting 10% of all claims paid in the first half of 2009 compared to 12 percent for the same period in 2008.
The claims report also provides intermediaries with guidance on how they can help ensure their clients' claims will be paid promptly and efficiently. The report provides advice on non-disclosure, and the ways in which intermediaries can better help their clients to avoid it. In the first half of 2009 1.2% of Scottish Provident critical illness claims were declined due to non-disclosure.
