Unum pays out over £200m in group IP claims in 2021

Unum paid out a total of £366m across GIP, critical illness and life insurance claims throughout 2021, representing a rise of £6.5m (1.2%) from the previous year's total. Cancer was the most common reason for a claim across the policy groups, with critical illness (65%) ahead of life insurance (36%) and GIP (30%). Rehabilitation referrals for cancer claimants saw 98% return to work success rate, as Unum announced an overall success rate of 95% (1,295 individuals) across all referrals. Meanwhile, the provider noted that mental health-related claims fell from 18% in 2020 to 11% last ...