[Skip to content]

Private Healthcare UK
Search our Site

This website is certified by Health On the Net Foundation. Click to verify.
This site complies with the HONcode standard for trustworthy health information:
verify here.


44% of income protection claims in finance and insurance due to mental health

legal and general logo

According to Legal & General, group income protection claims for mental health are at their highest in the finance and insurance sector, 44%.


The insurer has published an analysis of claims since 2000 with the figures showing that overall, 31% of claims were for mental health issues such as stress and depression, the proportion having increased 6% since 2005.


Mining and oil/gas extraction makes the lowest claims for mental health (17%), followed by agriculture/forestry / fishing (20%) and wholesale trade (21%).


Using Department for Work and Pensions data, the insurer shows that less than a fifth of employers are taking adequate steps to provide support for stressed employees in the workplace.


Diane Buckley of Legal & General says: “Our mental health claim figures show how important it is for employers to help their staff with mental health issues- particularly in the finance and insurance industry.”

Income protection insurance news: 10 February 2012

Get a Quote

Income protection

Get a quote now