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...
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'
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
Ahead of Mental Health Awareness Week