Aviva paid out more than £140m in critical illness and terminal illness insurance claims during the first half of 2009.
The insurer paid 744 Critical illness claims totalling almost £60m and a further £82m to the families of relatives who had died or been diagnosed with a terminal illness:
The average critical illness payout was £80,429
89% of claims were paid
The number of claims declined for non-disclosure of medical facts at the policy’s outset was 2%
The number of claims declined, as the condition claimed for was not covered by the policy was 9%
Cancer remains the most common cause of claim at 64%
Michael Whyte for Aviva says, "Critical illness policies are the type nobody wishes to need to claim against, yet evidence shows that these are vitally important policies that can support families and secure their financial well-being during the worst of times. We are proud that we can make a difference to these families when they need it most, removing financial worries so that they can focus on what is most important to them."
Critical illness: News update: 04/09/2009