Holloway Friendly pays out £3.7m in claims during 2022

93.4% of claims paid out

John Brazier
clock • 1 min read

Mutual society Holloway Friendly has announced total pay outs of £3.78 million for income protection claims received last year.

The provider paid out on claims from 663 of its members, representing pay outs on 93.4% of all received throughout 2022. The most common reasons for claims made to Holloway Friendly last year were musculoskeletal (29.56%), joints and tendon problems (9.95%), Covid-19 (9.35%), mental health (7.39%) and surgical procedures (6.03%). Reasons for claims being denied last year included claiming for a condition that was excluded from cover at the time of application, short-term illness or injury that saw claimants return to work before expiry of the deferred period, a lack of information to ...

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