Insurer pays out more than £1 billion in 2020 across life insurance, critical illness and income protection claims
Aviva recorded record pay outs during 2020 totalling £1,043,271,324 across its individual protection, of which £38.9 million was related to Covid-19, with the majority paid out to families on life insurance policies. The insurer paid out on 98.2% of claims received throughout the year for life insurance, crucial illness, income protection and fracture cover. Over £682 million was paid out on life insurance claims last year, including terminal illness benefit, Over 50s and Whole of Life cover,...
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