More than one in 10 of all claimants under 30

Thirteen-year claims data shows

Adam Saville
clock • 2 min read

British Friendly launches its first ever report analysing claims from 2005 and 2018

Income protection (IP) specialist British Friendly has released a Claims Report, offering analysis of its claims data as well as case studies from over a 13-year period. The mutual, which was founded in 1902 and recently reached 30,000 members, paid 96.2% of all income protection claims between 2015 and 2018. The Claims Report 2019 also found that 11% of all its claimants are under 30, highlighting the importance of income protection for millennials. The overall average age of all members claiming is 46, while those who claimed for cancer (52), heart attack (52) or a stroke (55) we...

To continue reading this article...

Join Cover

  • 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 Income Protection

Stuart Tragheim steps down as Holloway Friendly chief executive

Stuart Tragheim steps down as Holloway Friendly chief executive

Tragheim will move to a portfolio career

Jaskeet Briah
clock 14 February 2024 • 1 min read
AIG Life revamps access to income protection

AIG Life revamps access to income protection

Insurer also adds new features

Cameron Roberts
clock 29 January 2024 • 3 min read
IPTF adds six new members for 2024

IPTF adds six new members for 2024

Total membership hits 26

Jaskeet Briah
clock 23 January 2024 • 1 min read