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Aviva pays out 93% of critical illness claims

Aviva

Aviva paid out 684 critical illness claims during the six months to the end of June 2010, totalling over £51 million paid, with an average payment of £74,740.

 

The company also paid out a further £87 million in life insurance to the families of customers who have died, or customers diagnosed with a terminal illness. It paid out 98.5% of claims resulting from death.

 

Key critical illness statistics for the first six months of 2010 include:

  • Total payments were over £51 million

  • 684 claims were paid

  • 93% of all critical illness claims paid, a 2% increase compared to the same period in 2009

  • Claims declined for non-disclosure of medical facts at the policy's outset reduced to 1%, from 2% for the same period in 2009

  • Cancer remains the most common cause of critical illness claim at 64%

       

Critical illness: News update: 14 September 2010

 

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