Group risk industry pays £93m to bereaved families due to Covid-19 - GriD

Data from Group Risk Development (GRiD) shows that families of employees with group life benefits have been paid a total of over £93 million as a result of the pandemic between 1 January and 31 December last year. This represents 884 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 £100,320 and the average capitalised value of the dependants' pe...