Individual protection pay outs up 9% on average in 2021

During the period, a total of £6.8 billion was paid out in individual and group protection claims, with pay outs for Covid-19 related individual claims growing to £261 million in 2021, due to a 69% increase in term assurance claims, where the average payment was £69,760.   For both group and individual protection, 296,071 new claims were paid out in 2021, with a total paid value equating to £6.8 million. For Total Permanent Disability claims, ABI recorded 378 new claims being paid out, with an average value of  £74,209 per claim, while Whole of Life new claims reached 229,586, with th...