LV= claims pay outs exceed £119 million in 2021

96% of individual claims paid

Hemma Visavadia
clock • 2 min read
LV= claims pay outs exceed £119 million in 2021

LV= paid 96% of all individual protection claims during 2021 including life, critical illness, and income protection, totalling more than £119 million.

Covid-related claims accounted for £12 million of total pay outs, including 724 life assurance claims, throughout the year. Around 16% of all death claims related to Covid-19, with pay outs of £11.3 million in 2021, and Covid-related 209 income claims paid to over 900 individuals and their families. Over £28 million was paid out for critical illness claims to 362 individuals and families, with cancer claims accounting for 58% of all claims, followed by heart attack (11%) and stroke (8%)...

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