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Youngest insured member for life cover was aged 16
Claims for musculoskeletal continue to rise
94% of claims paid out
£5.2m paid in sickness claims
“High levels of deliberate misrepresentation”
Over £413m paid out across group protection
Nearly half of claims were from Millennials
Provider pays out 89% of new IP claims in 2023
Decrease from £5.6m in 2022
Total percentage of claims increased to 96.9%
22 April 2024
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4 min read
