LV= paid 95% of 2020 individual protection claims

Over 9,000 claimants

John Brazier
clock
LV= paid 95% of 2020 individual protection claims

Covid-19 claims pay outs totalled £6.5m in 2020 for LV= and represented 10% of all death claims

LV= paid out a total of nearly £118 million in individual protection claims throughout 2020, totalling 95% of its overall claims received. LV= paid out £28m in critical illness claims, nearly £72m in life insurance claims, and just under £14.6m in income protection claims over the course of the year. Over £2.6m was also paid out in personal sick pay protection. Critical illness claims were primarily for cancer (60%), followed by heart attack (10%) and stroke (8%), with the highest payment as...

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