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Friendly societies pay most income protection claims

Holloway Friendly Society

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.

   

Income protection insurance: News update: 13/07/2009

 

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