Life insurance payouts for Covid total £202m in 2020
11,198 claims
Association of British Insurers (ABI) figures show equivalent of over £550,000 per day was paid in Covid-19 death claims in 2020
According to the figures, there were 11,198 claims received under individual and group life insurance policies. Of these, 10,205 were individual policies (whole life, term insurance and critical illness claims) with 993 on group life insurance schemes. A total of £202m was paid out throughout the year on 96% of individual and 99% of group claims, with the ABI stating that remaining valid claims "are being processed as quickly as possible." The average pay out on individual policies was £13,100,...
More on Individual Protection
Group risk market shows growth in a difficult situation
'A tremendous tribute to the market'
Canada Life names Lindsey Rix UK chief executive
Joins from Aviva
Jeff Woods appointed as L&G head of intermediary development
As of 26 April
Aviva's Barker departs health and protection role
With immediate effect
Savings trump life cover for over 50s during pandemic
OneFamily survey
Back to Top
