Royal London pays out £632 million in 2021

Covid-related pay outs double from 2020

John Brazier
clock • 2 min read
Royal London pays out £632 million in 2021

Royal London has announced record total pay outs of £632 million on more than 84,000 claims throughout 2021.

The insurer noted that it paid out on 99.5% of all claims received last year, across life and terminal illness, whole of life, critical illness and income protection policies. Pay outs for Covid-related claims totalled £24.9m, almost double that paid out during 2020, with around one in 10 life insurance claims relating to the virus. Of the total, around £69,000 was paid out on income protection claims and over £8m in whole of life claims related to Covid-19. Whole of life represented th...

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