Scottish Provident paid out £94 million to critical illness policyholders during 2009. 91.3 per cent of all claims were paid, and just 1.7 per cent of claims were declined due to non-disclosure.
The average payout was £76,000, with the largest payout £850,000. The average age of claimants was 46, with the oldest claimant being 73.
Over the course of the year over £60 million was paid out for cancer claims and over £10 million in claims for heart attacks. Cancer accounted for 62 per cent of total claims paid, with heart attacks making up 12 per cent of the claims. Women accounted for 61 per cent of cancer claims, compared to only 39 per cent of men. Men were more likely to make a critical illness claim due to a heart attack, with 83 per cent of them making a claim, compared to a lower figure of 17 per cent of women.