Covid dominates The Exeter's IP pay outs in 2020

According to the latest figures from the insurer, pay outs for income protection totalled £10.1 million, equating to 91% of all claims submitted during the year. Covid-19 was the single most claimed for condition in 2020, representing nearly one-third (32%) of claims, while other conditions accounting for a large number of claims included musculoskeletal conditions (21%) and accident and injuries (12%). The Exeter paid out on 1,745 of the 1,917 claims received throughout the year. The main reason for claims not being paid was misrepresentation (65%), where questions are not answered c...