LV= pays out over £5 million on IP claims during early 2022

Between January and April

John Brazier
clock • 1 min read
LV= pays out over £5 million on IP claims during early 2022

LV= paid out £5.4 million on individual income protection claims during the first four months of the year, the provider has detailed.

The total pay-out figure includes income protection and personal sick pay claims between January and April this year. Claims pay outs for income protection totalled £4.4m during the period, including new claims and those made before 1 January, covering more than 700 income protection claimants aged between 23 and 63. Personal sick pay claims figures totalled over £1m during the period, with an average pay out of £1,046. The most common reasons for a claim were musculoskeletal conditions...

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 Individual Protection

Bankhall and PMS Mortgage Club collaborate on protection referral offering

Bankhall and PMS Mortgage Club collaborate on protection referral offering

Protection panel will aim to signpost advisers to referral partners

Hemma Visavadia
clock 30 June 2022 • 1 min read
Government publishes Mental Health Bill draft

Government publishes Mental Health Bill draft

Takes aim at racial disparity and increased individual support

Hemma Visavadia
clock 28 June 2022 • 2 min read
Entries for COVER Customer Care Awards closing soon!

Entries for COVER Customer Care Awards closing soon!

Deadline on 24 June

COVER
clock 20 June 2022 • 1 min read