Average IP claimant 'just 34' - The Exeter

The average age of claimant on its Income Protection Plus product was 34 years old in 2019, The Exeter has reported. Figures from the mutual show that the average length of claim was 60 weeks across the 1,367 members who received its support while unable to work due to illness and injury last year. The mutual insurer paid out 91% of its income protection (IP) claims with an average claim amount of £3,920. According to The Exeter, accidents and injuries accounted for nearly half of claims...