Aegon records 17% rise in life 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 heart-related...