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Friendly societies pay most income protection claims

Six members of the Association of Friendly Societies who offer income protection products have provided statistics that show that 95% of all claims received were treated as valid and paid during 2008.

The friendly societies:

  • British Friendly Society
  • Cirencester
  • The Childrens' Mutual
  • Dentist & General Mutual Benefits Society
  • Holloway Friendly Society
  • Oddfellows Friendly Society

Of 4,053 claims received in 2008, 139 were in pipeline, 3,721 were judged valid and paid (95% of claims received and assessed), 193 were investigated and considered invalid.

 

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Friendly societies pay most income protection claims
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