"The great work Reassured carries out as an intermediary is demonstrated by the fact that, on average, 54 L&G claims were paid out per month last year to Reassured’s customers."
- Julie Godley, intermediary director of retail protection at Legal & General
Reassured’s panel paid £66,847,478 in Life Insurance and Critical Illness (CI) claims in 2024. This represents a 34% year-on-year increase in the amount paid to customers who’ve successfully claimed on their protection policy in the last twelve months.
£49,199,510 (2,301) was paid in Life Insurance claims, £5,492,460 (144) in CI, and £12,155,508 (173) in Terminal Illness claims.
Protection Reporter requested how many claims were rejected, but Reassured was not able to provide figures.
In 2023, Reassured’s panel paid 1,235 claims - equating to over £50mn in claims. This year’s figure sits almost £17mn higher, financially supporting over 2.5k families.
READ MORE: Reassured's panel paid 1,235 claims in the last twelve months
"We appreciate that each claim signifies a negative event in our customers’ lives, and we hope that we were able to provide support during these difficult times.
"These figures stand as a testament to the hard work of our staff, and I’m pleased to see that our customers received the protection they needed when it mattered," stressed Mark Townsend, CEO of Reassured (pictured).
Legal & General (L&G), Zurich Insurance, LV=, Aviva, MetLife UK, Vitality, and OneFamily sit on Reassured's insurer panel.
Julie Godley, intermediary director of retail protection at L&G, added: "The great work Reassured carries out as an intermediary is demonstrated by the fact that, on average, 54 L&G claims were paid out per month last year to Reassured’s customers.
"Reassured’s results highlight the positive impact the protection market can have on individuals and families across the UK."
