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Zurich reports 2010 critical illness payments

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Zurich has released figures for critical illness claims for 2010 with payments amounting to £60.3 million. 

 

The number of critical illness claims upheld in 2010 remains static with 2009 at 91%. Of claims declined, 8% per cent were due to the definition of the condition not being met while less than 1% were as a result of non disclosure.

  

The data shows a marginal decrease in the number of critical illness claims paid out in 2010 at 787 compared to 2009 where 814 cases were settled at a value of £62.3 million.

 

Phil Brown of Zurich comments, "The claim figures for 2010 are again testament to the pride we place on paying valid claims as swiftly as possible - and to making a vast difference to customers and their families' lives when faced with often devastating illness."

  

Cancer remains the most common condition accounting for half of total critical illness claims paid in 2010.  This was followed by heart attack, which made up 12%, followed by stroke for 7% and multiple sclerosis for 3%.

Critical illness insurance news: 8 February 2011