L&G pays £323m in group protection claims in 2020

L&G has recorded total pay outs of £323m on claims across its group life assurance, income protection and critical illness plans last year. The insurer stated that rehabilitation and early intervention services have played an important role with its group income protection cover, as 29.7% of all UK insured employees who were absent from work, due to long-term illness or injury, returned to work before their benefit came into payment. Through its group income protection policies, 703 employees returned to work within their deferred period. L&G said that the percentage change (-25%) on ...