Increased percentage of paid critical illness claims for third year in a row
Old Mutual Wealth, part of Quilter, paid 98.78% of life claims and 96.2% of all critical illness (CI) claims in 2018. The firm has paid out nearly £150m in claims across life and CI since 2016. During 2018, Old Mutual paid out £37.3m worth of life insurance claims (with an average claim size of £82,931) and paid out £19.3m in CI claims (with an average claim size of £126,889). For the third year in a row it has increased the percentage of CI claims, paying almost 6% more than in 2016...
Subject to certain criteria
Rising to 7.8% in people over 80
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