Over half a billion pounds in UK protection claims paid in total
Royal London paid out over £517m (99.1%) worth of claims in 2017, its published claims statistics revealed today. Nearly £175m was paid in life and terminal illness claims, which amounted to 97.3% of term life insurance claims paid, with an average of nearly £113,000 per claim. For terminal illness, 92.3% of claims were paid with an average pay-out of just over £129,000 per claim. Over £128m was paid in whole of life claims (99.9%) and the average pay-out just over £4,000. Critical illness...
Subject to certain criteria
Rising to 7.8% in people over 80
‘We could be failing people, when they need us most’
'We must not act as fast-buck profiteers'