Aegon records 17% rise in life claims during 2020

CI claims drop 14%

John Brazier
clock
Aegon records 17% rise in life claims during 2020

Insurer paid out £139.74 million across total of 1,584 claims during 2020

Claims data from Aegon shows the insurer paid out on 96% of all life claims in 2020 to 807 families and businesses, representing payments amounting to £81.3 million. Aegon recorded a 17% increase in the volume of life protection claims received during the year compared to 2019.  Cancer was again the most common cause of death for a life claim (40%), followed by heart-related conditions (21%) and respiratory-related deaths (14%). However, while the proportion of claims for cancer and hea...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on PMI

Dr Keith Klintworth: 'End-to-end support for cancer is the only way forward'
PMI

Dr Keith Klintworth: 'End-to-end support for cancer is the only way forward'

It’s important not to forget the full range of support on offer to cancer patients through private medical insurance (PMI), writes VitalityHealth’s Dr Keith Klintworth

Vitality
clock 15 August 2022 • 5 min read
Man jailed for 12 months for multiple bogus medical claims
PMI

Man jailed for 12 months for multiple bogus medical claims

Fraudulent claims totalled £24,000

John Brazier
clock 09 August 2022 • 2 min read
Five facts about physio from Vitality PMI claims data
PMI

Five facts about physio from Vitality PMI claims data

With demand for primary care rising, here are five facts about physio based on private medical insurance (PMI) claims data

Vitality
clock 04 August 2022 • 3 min read