Legal & General has confirmed total pay outs of more than £335 million in 2021 across life assurance, income protection and critical illness products.
The provider detailed payments of £252.2m for group life assurance claims last year, an increase of £9.5m on the year prior, while pay outs on group income protection claims fell by £2.4m to a total of £70.5m in 2021. L&G noted that the total pay outs for group IP in 2021 were still above those paid out pre-pandemic (£66.4m in 2019). However, pay outs on group critical illness claims rose by almost double last year, growing from £7.2m in 2020 to £13.2m in 2021. Vanessa Sallows, claims and governance director for Legal & General Group Protection, commented: "These results evidence a...
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