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...
One-third of claims
‘Growing societal need’