Group risk claims paid out in 2021 rose to £2.2 billion

The GriD data found that cancer was the main cause for claiming in 2021, followed by critical illness claims for heart disease, mental illness and heart attacks. Having Covid-19 was the third most common cause of claiming, with the average lump sum death benefit payment reaching £100,387. For group life assurance policies, £1.57 billion was paid out, an increase of £198.47 million from 2020. However, group income protection policies pay outs dropped slightly to £546.1 million, while critical illness policies paid out totalled £106.3 million, growing by £14.7 million on 2020 figures. ...