Group risk industry pays £57m to bereaved families due to Covid-19 - GRiD

Statistics from Group Risk Development (GRiD) show that families of employees with group life benefits have been paid a total of £56,709,154 as a result of the pandemic between 1 January and 30 June this year. This represents 475 lump sum death benefits claims, plus the capitalised value of seven dependants' pension claims where Covid-19 has been recorded as the primary or secondary cause of death on the death certificate or reported on the claim form, according to GRiD. The average lump sum death benefit payment was £110,285 and the average capitalised value of the dependants' pensio...