Aviva paid out 1499 critical illness claims during 2009, totalling £118 million paid to people in need. The average amount paid out has increased to £79,000 in 2009, compared to £75,000 in 2008. A further £151 million has been paid to the families of people who have died, or been diagnosed with a terminal illness.
Key 2009 statistics:
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Total payouts £118 million
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1499 claims paid
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Average amount paid out on critical illness claims £79,000, up from £75,000 in 2008
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91% of all claims paid
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Cancer remains the most common cause of claims, 67% of all claims
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Number of claims declined for non-disclosure of medical facts still 2%
Richard Verdin at Aviva says, “Critical illness cover remains a crucially important solution for many. We owe it to customers to ensure people do realise the potential need and value of insurance before it is too late.47% have no critical illness or life protection, and 75% of single parents have no protection, which has huge implications for their families.”
Critical illness: News update: 22 April 2010
