Cirencester Friendly pays 94.7% of claims

clock • 1 min read

Cirencester Friendly has paid 94.7% of income protection claims submitted in 2017, totalling £4.4m in sick pay benefit.

The total of £4.4m was a 9.2% increase on 2016, the friendly society said. The common reason behind making a claim was accident or injury which accounted for 40% of applications, highlighting the value of insuring against the risk of less obvious causes of lost earnings. The claims that were not accepted were due to non-disclosure and where there was no actual loss of earnings. Rebecca Young, head of marketing at Cirencester Friendly said: "We exist to support our members financially when they need us most and that is why I am pleased to once again, be able to report such positive ...

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