Vitality paid out more than £90 million in life insurance, serious illness cover, and income protection cover claims during 2020.
A total of £4m was paid in relation to Covid-19 claims, representing the fifth largest cause of life cover claims at 9%. According to Vitality, the majority of the Covid-19 related claims came from its eldest members with only one in four such claims concerning those under the age of 60. For critical illness cover, the top three areas of claims were cancer, stroke and nervous system, and heart and artery. Vitality's serious illness cover, which covers 38 unique conditions, has been developed to reflect the modern nature of illnesses where advances in treatment and sc...
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