Only 8% of UK people believe providers pay out more than 90% of protection claims, suggests research
According to a survey by Aegon, 92% of people in the UK believe the protection industry pays out less than 90% of claims each year. The research, which questioned 1,300 adults aged 18 and above, found that people were aware that the most common reasons for a declined pay-out are inaccurate disclosure on application and claiming for something that is not included in the policy, however only 8% only thought providers pay more than 90% of claims. This is counter to the Association of British Insurers...
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