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...
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