Scottish Provident paid out £37.5 million during 2010. 98% of total life claims were paid.
The average payout was £77,712 and the average age of claimants 54.6% were to claimants under the age of 35.
Susan Barclay at Scottish Provident says, "Our life cover policy provides customers with peace of mind and financial security for their families should the worst happen. The 98% pay-out rate is testament to the value of our plans - they pay out when people need it."
Life insurance news: 14 April 2011