Drewberry launches protection payout rate awareness campaign

clock • 2 min read

Drewberry has launched a campaign to raise consumer awareness of how high insurer payout rates are for protection insurance products.

The campaign, which you can access here, is a survey asking participants what percentage of claims paid they believe were paid during 2015. In Drewberry's 2015 Protection Survey it was found that consumers believed that only 50% of life insurance claims were paid out by insurers. In comparison, the Association of British Insurers (ABI) reported that 98.2% of all term life insurance claims were paid out in 2015. Drewberry have built a the question survey with those entering going into a draw to win a prize of £500. All entrants go into the prize draw with the winner being selected a...

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