According to the Association of Financial Mutuals (AFM), its members paid roughly 60% of claims on individual Income Protection (IP) policies in 2023 - despite holding only 15% of...
Last year, Royal London paid out £731mn in Life Insurance, Whole of Life, Critical Illness (CI), and Income Protection (IP) claims – this is £100m more than in 2022.
Last year, Aviva paid out more than £413mn in Group Protection claims - the insurer has paid more than £1.15bn in group claims over the last three years.
Last year, LV= paid over 8,000 claims across its individual Life Insurance, Critical Illness (CI), Income Protection (IP), and other protection policies.
Last year, Unum UK paid out over £471mn, including £229mn for Group Income Protection (GIP), £160mn for Life Insurance, and £43mn for Group Critical Illness...
Last year, Aviva paid 50,600 claims (97.8%) across its individual Life Insurance, Critical Illness (CI), Income Protection (IP), and other protection policies, equating to...