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Group income protection claims due to mental health

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.”

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Group income protection claims due to mental health
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