Life - Articles - Scottish Provident pays out 91% of critical illness claims


 Scottish Provident's critical illness claims figures reveal that £53 million was paid out to policyholders in the first half of the year. The figures show that 91% of all critical illness claims were paid, with just 2% declined on the grounds of non-disclosure.

 The average pay out was £90,478, with the maximum claim exceeding £600,000. Cancer remains the most claimed for illness (66%), followed by heart attack (12%) and stroke (6%). Breast cancer accounts for almost a third (31%) of all cancer claims made over the first six months of the year.

 Ian Smart, Head of Product Development and Technical Support at Scottish Provident said:

 "Suffering a critical illness can be distressing enough, without compounding this with financial concerns about how to cope with the loss of a regular income. We are committed to paying out as many critical illness claims as possible; swift financial support can make all the difference to both a claimant and their family."

Back to Index


Similar News to this Story

Third of over 55s would quit over lack of flexible working
37% of workers aged over 55 say they would consider leaving their job if their employer restricted ability to work flexible hours, and 25% would take
Beneficiary nomination a suitable alternative to trusts
Since launching in March, 60% of life insurance policies have included beneficiary nomination. Before its introduction, 40% of The Exeter’s life insur
Underwriting accuracy boosted by wearable health technology
WTW and Klarity, are working together to help life insurers improve pricing accuracy by integrating wearable technology and data into their underwriti

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.