Aviva pays outs nearly £1.1 billion during 2021

98% of claims paid

John Brazier
clock • 3 min read
Aviva pays outs nearly £1.1 billion during 2021

Aviva has announced total pay outs totalling £1,094,919,735 across individual critical illness, life insurance and income protection policies last year.

The insurer paid out on 98.1% of all claims settled throughout 2021, which totalled 53,713 - the vast majority of which related to life insurance claims (43,954), followed by critical illness (4,367) and income protection (4,300). Total pay outs for life insurance (including terminal illness) were recorded at £732m, with critical illness (including children's benefit and total permanent disability) and income protection pay outs totalling £310m and £51m respectively. Aviva noted that it...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

COVER Healthcare Innovation Awards 2022: All winners revealed!
PMI

COVER Healthcare Innovation Awards 2022: All winners revealed!

Watch the full ceremony online

COVER
clock 30 June 2022 • 1 min read
Scottish Widows taps Scott Wheway as chair

Scottish Widows taps Scott Wheway as chair

Effective 12 September

Hemma Visavadia
clock 30 June 2022 • 1 min read
Insurance complaints topped 33,000 in 2021: FOS

Insurance complaints topped 33,000 in 2021: FOS

“Authorised” scams increased to 9,370 complaints

Hemma Visavadia
clock 28 June 2022 • 1 min read