L&G pays out £180m to customers since 2010 as 'direct result' of Early Warning System

clock
L&G pays out £180m to customers since 2010 as 'direct result' of Early Warning System

Legal & General has said it paid out £44 million in claims to customers during 2016 as a direct result of the insurer's Early Warning System (EWS).

In 2016 the insurer received 607 claims from families and beneficiaries who were identified via the EWS. Since 2010 Legal & General said it has paid out a total of £180.7 million from 2,411 claims as a direct result of the introduction of the system. When asked how they identify claimants who had been through the EWS system, a L&G spokesperson said: "Every policy with Legal & General is identified with a marker system. Policies that have been reinstated after being flagged via our Early...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Sophie Money: How to evaluate a wellbeing strategy

Sophie Money: How to evaluate a wellbeing strategy

"Many changes are likely to be longer term"

Sophie Money
clock 15 August 2022 • 3 min read
Employers still lack preventative care for staff: GRiD

Employers still lack preventative care for staff: GRiD

Research reveals

Hemma Visavadia
clock 02 August 2022 • 1 min read
Employers urged to help close the disability employment gap: GRiD

Employers urged to help close the disability employment gap: GRiD

Follows Government's 10-year employment manifesto

Hemma Visavadia
clock 26 July 2022 • 1 min read