Scottish Widows pays out 98% of individual claims during 2020

In total, Scottish Widows paid out on 99.5% of life claims and 94.2% of critical illness claims during 2020, representing 9,227 and 1,485 claims respectively.   With £206m paid out throughout the year, Scottish Widows notes that this is largely in line with its claims payout total in 2019, when the insurer paid out on 99.4% of life claims and 93% of critical illness claims. In 2020, Scottish Widows paid 650 Covid-19 related claims, totalling just over £7m. The total paid out on life claims was £125m, with £8.6m paid out on terminal illness claims. Cancer was again the most common r...