£22m paid out by MetLife UK

Individual Protection plans paid in last 12 months

Cameron Roberts
clock • 1 min read

MetLifeUK has paid out over £22m in the last 12 months, with nearly 24,000 claims approved and paid to its individual protection customers.

The latest data revealed by the provider stated that there was an average of 95 accident and illness claims were paid every day in the last 12 months. Sickle cell disease was the most claimed sickness and roadside accidents were the biggest cause of injury claims. The provider claims that its payments are distributed typically within three to five days. With almost 13,000 hospitalisation claims as well as over 9,000 broken bone claims being sold. Dominic Grinstead, CEO of MetLife UK comments: "Supporting our customers is our number one priority, so ensuring we paid claims as quickl...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • 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

AFM members pay out £70m on IP claims in 2023

AFM members pay out £70m on IP claims in 2023

Claims for musculoskeletal continue to rise

Jaskeet Briah
clock 17 April 2024 • 2 min read
Claims pay outs rise 25% for Reassured's customers

Claims pay outs rise 25% for Reassured's customers

MetLife paid out to 692 customers

Jaskeet Briah
clock 17 April 2024 • 1 min read
Guardian joins Mortgage Advice Bureau's protection panel

Guardian joins Mortgage Advice Bureau's protection panel

"This partnership will add more value to the advice and products we offer"

Jaskeet Briah
clock 17 April 2024 • 1 min read