Scottish Widows pays 98.4% protection claims in 2018

Pay-outs totalling £208m

Adam Saville
clock • 2 min read

Life insurer provides financial support to 9,499 individual lives last year

Scottish Widows paid 99.3% life claims and 94.1% critical illness claims during 2018 - 7,908 and 1,591 claims respectively. This was an increase on the 7,469 life claims (98.99%) and 1,769 paid for CI (93.06%) last year. More than £208m was paid out in total - an average of over £4m per week - in 2018. Life The total amount paid in life claims was just under £136m, with £10.9m paid in terminal illness claims. According to Scottish Widows, 52% of all claims for women were as a result of death from cancer, compared to 44% of men. Heart-related claims accounted for 22% of cases ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Rise in housing worries for employees

Rise in housing worries for employees

Calls to employee helpline rising

Cameron Roberts
clock 10 May 2024 • 1 min read
BIBA board changes

BIBA board changes

New advisory board chairs

Cameron Roberts
clock 08 May 2024 • 1 min read
Slice of the pie

Slice of the pie

Growing the market vs market share

Cameron Roberts
clock 01 May 2024 • 6 min read