L&G paid £731m to individual protection claimants in 2019

Legal & General paid out a total of £731m worth of claims across life, critical illness, terminal illness and income protection policies during 2019 - the equivalent of £2m a day. The insurer has paid nearly £3bn to individuals and families over the past five years. L&G paid 97% of life claims in 2019 - a total of around £392.4m across 10,721 pay-outs. The three main conditions were cancer (37%), heart related diseases (18%) and respiratory illnesses (5%), and the average pay out was £36,608. For critical illness (CI), it paid 92% of claims and a total of £224m across 3,351 policie...