Royal London pays out £13.1m in Covid claims

Royal London paid out £13.1 million in claims related to the Covid-19 pandemic during 2020, new data from the insurer shows. Of the 2,110 claims last year that were connected to the pandemic, 97% (2,049 claims) were paid out on whole of life policies and 61 on term life policies leading to pay-outs totalling £13 million. There was one claim paid out for critical illness cover, which the insurer states led to a period of intensive care with a sum assured of £50,000. Meanwhile seven income...