Aegon UK pays out £139 million for individual protection claims in 2021

Cancer most common reason for claiming on life policies

Hemma Visavadia
clock • 2 min read
Aegon UK pays out £139 million for individual protection claims in 2021

Aegon UK has paid out over £139 million in individual protection claims in 2021, up 7% from 2020, driven by an increase in life claims.

Aegon reported 21% more individual life claims in 2021 compared with 2020, with Covid-19 accounting for 20% of all life claims last year -  up from 14% in 2020 and 7% in 2019. For life claims in 2021, cancer remained the most common cause of death, accounting for 34% of claims, followed by respiratory-related claims (20%) and cardiovascular-related claims (19%). The provider noted that cancer and cardiovascular life claims remained largely similar in the last two years of the pandemic, ...

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