Aegon reports drop in CI claims

During lockdown

Adam Saville
clock • 2 min read

Statistics show that 37% fewer policyholders claimed on their critical illness (CI) insurance during May

While Aegon claims for CI were significantly lower for April and May compared to the previous year (17% and 37% less respectively), the insurer has also reported an increase in life insurance claims during the course of the pandemic. April 2020 saw an 83% increase in life insurance claims compared to the same month in 2019, while there was an increase of 58% in May. Aegon said that around a third (31%) of life insurance claims received in April and May were related to coronavirus. The average age of claimant during this period was 64 and 80% were male. For CI, Aegon has only receiv...

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 Critical Illness

RedArc sees increased demand for support around serious conditions

RedArc sees increased demand for support around serious conditions

Support for stroke cases up by 113%

Jaskeet Briah
clock 04 June 2025 • 2 min read
Worth the wait

Worth the wait

NHS waiting list cover

Alan Lakey
clock 08 May 2025 • 3 min read
CIExpert comments on Guardian's CIC update

CIExpert comments on Guardian's CIC update

Additional conditions covered

Cameron Roberts
clock 23 April 2025 • 1 min read