British Friendly pays out 84% of IP claims in 2021

Musculoskeletal-related issues the top reasons for claiming

Hemma Visavadia
clock • 1 min read
British Friendly pays out 84% of IP claims in 2021

British Friendly has announced that it paid 84% of all new Income Protection claims in 2021, including the moratorium policies.

The mutual stated that musculoskeletal-related issues were the top reason for claiming in 2021 (34%), followed by Covid-19 (13%), anxiety or depression (9%), as well as non-covid-19 related respiratory or infectious diseases and gastrointestinal, respectively (6%). Last year, British Friendly said it paid £3,250 in Care Assistance Benefits to a member after his 14-year-old son was diagnosed with a brain tumour. However, in Q1 2022 the diagnosis was subsequently regarded as terminal with th...

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