Scottish Widows pays out £208 million in claims during 2021

Critical illness advance payments increased

John Brazier
clock • 3 min read
Scottish Widows pays out £208 million in claims during 2021

Scottish Widows has announced total claims pay outs of £207.9 million for life and critical illness last year, while confirming an increase to advance payments made for critical illness claims.

The insurer recorded a 1% year-on-year rise in annual claims paid out on from 2020's total of £206m, representing pay outs on more than 98% of all claims received. Scottish Widows paid 99.3% of life claims and 93% of critical illness claims last year, representing 9,035 and 1,391 claims respectively. Cancer was once again most common reason for critical illness claims (63.8%) and life insurance (29.6%). Most common cancer claims in men are for bowel cancer (14.7%), prostate (14.4%), mal...

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