LV= Covid claims pay outs exceed £12m

Over 1,400 policyholders

John Brazier
clock • 1 min read

Life insurance, critical illness and income protection claims caused by Covid have totalled over £12 million since the start of the pandemic

According to the latest LV= Protection Pays - A Year of Covid report, the insurer has paid more than 1,400 pandemic-related claims since 16 March last year, totalling £12.1m. Death claims between March 2020 and March 2021 reached a total value of £12m, with a further £146,924 paid out for income protection claims. LV= states that death claims peaked in January this year, representing 42% of all claims submitted during the annual period. LV= paid out for 332 income protection claims, with the most common occupations of claimants listed as nurses, care workers, carpenters, warehouse and...

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