Provider shares info dating back to millennium
Scottish Widows has published its critical illness (CI) claims history dating back to 2000.
The data released showed that between January 2000 and October 2007, the provider paid out on 847 CI claims. In addition, 95% of all CI claims fell into five categories - cancer, heart-related, stroke, multiple sclerosis and children's cover.
Up to October 2007, Scottish Widows paid out over £29m on 847 CI claims.
Of the claims declined in the last year, 5% were due to the customer failing to disclose material information at the outset. A further 9% of claims were unsuccessful due to definitions not being met.
According to Scottish Widows, the average age of a female claimant was 44 years and the average age of a male claimant was 47. Policies were held for an average of four years and 11 months before a claim was made.
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