Bupa has revealed that 2% of critical illness claims were declined due to non-disclosure between January and September 2009, compared to 8.6% in the same period in 2008.In addition, 9% were turned down because they did not meet the policy definition, compared to 10.6% in 2008.
Steve Casey at Bupa says, "The reductions are a result of improvements in our policies to make them easier to understand."
The average amount paid out by Bupa for critical illness claims is in excess of £98,000 and the average time a person has held a policy is 33 months.
Cancer continues to top the list of critical illness claims, accounting for seven out of ten claims by women and one in two claims by men.
Critical illness insurance news: 9 December 2009