General Insurance Article - Scottish Provident paid out £47 million for critical illness

  

 Scottish Provident's "Critical Illness Claims Paid Summary" released today reveals nearly £47 million was paid out to its critical illness policy holders during the first six months of 2011. The report shows that 91 per cent of all claims made were paid.

  

 The summary highlights that the average payout was £81,434, with the largest payout just over £945,000. The average age of a claimant was 47 years old. Just 2.6 per cent of all claims made were rejected for reasons of non-disclosure.

  

 Over the course of the year to 30 June, over £30 million was paid out for cancer claims, with these accounting for 65 per cent of the total claims paid. Nearly £7 million was paid out for heart attack claims, with heart attacks making up 13 per cent of all claims.

  

 Jennifer Gilchrist, senior product development manager, Scottish Provident said:

 "We get a great deal of satisfaction paying out claims and being able to support claimants and their families at a difficult time in their lives.

 "Putting in place a financial safety net has meant that over 550 customers have benefited from a financial pay out when they needed it most."