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Liverpool Victoria release figures for critical illness claims

The latest insurer to release statistics of their critical illness claims is Liverpool Victoria.
 
For the years 2002 to 2005 inclusive:
  • Average payout = £70,000 - £72,000
  • Average age of claimant = 45-47
  • Average duration to claim = 22-25 months
  • % of claims paid 77%
  • % of claims declined due to non-disclosure 11%
  • % of claims declined for other reasons 12%
 

Related links

 

Critical illness insurance : News update: March 2006