New figures from Zurich show one in four income protection (IP) claims in 2020 were triggered for mental health reasons
According to the statistics, 27% of all IP claims the insurer received last year were due to mental health reasons, more than double the percentage it recorded in 2019 (13%). Zurich stated that around £1.7 million of payments were made to individual IP customers who claimed on their policies, while nearly one in four (18%) accessed Zurich Support Services, with the majority (82%) seeking clinical support for conditions including depression, stress and anxiety. Zurich data also shows that 28%...
L&G veteran Richard Kateley says more can be done to increase engagement with products
'Whatever else changes in the world there are always lies, damned lies and insurance sales figures'
Totalling £3.4 million
52% y-o-y growth
As part of COVER’s new eBook in partnership with Royal London, we asked advisers about the barriers they frequently face when talking about protection – and what they do to jump over them