LifeSearch LifeSearch Awarded Best Protection Adviser 7 years in the last 8, for advice, service, innovation

The UK's Best Protection Adviser in
7 out of 8 years.

Call us for Life Insurance, Income Protection,
Critical Illness Cover and other products

free to call

0800 316 3166

0800 316 3166

LifeSearch Blog

Blog RSS   Share on Twitter

The Life Insurance Market

Thursday, March 11

Insurance industry are paying out on 90% of CI claims @ 10:26 AM

Hot on the heels on Bright Grey’s excellent new Critical Illness claims stats come more good news, this time from Legal & General and Scottish Provident. Both companies paid out on over 90% of claims, with L&G announcing what we believe is an industry leading figure of 93.6%. This means insurance companies are now paying out on 90% of CI claims – that figure was closer to 75% when LifeSearch first began campaigning for claims stats to be published 6 years ago. That’s real improvement that’s good for the consumer!

L&G declined just 1.8% of claims for non-disclosure (paid 93.6% of CI claims in 2009)

Scottish Provident declined 1.7% (paid 91.3% of CI claims in 2009)

Matt Morris
LifeSearch -- 1 comments: View - Post your own comment

Top       Blog RSS   Share on Twitter