Scottish Widows pays out 98.99% of life claims for 2017

Scottish Widows has published its protection claim statistics which show that it paid out 98.99% of life claims and 93.03% for CIC in 2017 - more than £204m in total and an average of £4m per week. According to the ABI, the industry paid claim averages for life and CIC were 98% and 92.2% respectively in 2017.   The number of claims for life cover last year was 7,469 and 1,769 for CIC, equating to a total of 9,238 individuals and their families being supported in the event of critical illness or death. Life The total amount for paid life claims was £129.4m, with £13.46m paid in t...