Holloway Friendly pays 98% of claims in 2020

Totalling £3.4 million

John Brazier
clock • 1 min read
Holloway Friendly pays 98% of claims in 2020

Friendly society paid out on 697 income protection claims during last year, with accident and injury the most common reason

Holloway Friendly paid out £3.4 million for income protection claims received during 2020, a year-on-year increase of £1m compared to the previous year. The mutual paid out on 98% of claims, excluding non-disclosure, last year. Including cases of non-disclosure, 89% of all claims were paid. The most common reasons for a claim were accident and injury (27%), musculoskeletal (19%), mental health (10%), joints and tendons (6%) and surgical procedures (6%). The youngest claimant last year was...

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