Guardian paid out £15m in 2023

The payments were split across 150 families and comprised of over £7.5m in life and terminal illness claims alongside £7.5m in critical illness (CI) and children's critical illness claims. The rate of payment for life and terminal illness was at 100% for the provider, with a 92% payout rate for CI and Children's CI. The average amount paid varied by product, average payouts were: Life (£162,043); terminal illness (£168,727); CI (£90,102); and children's CI (£20,907). Katya MacLean, CEO, Guardian, said: "Publishing Guardian's first claims report is a very special moment. It's now been ...