Testimonials
I am very comfortable with the service and the way my finances have been set up.
Richard of Hemel Hempstead
I am very comfortable with the service and the way my finances have been set up.
Richard of Hemel Hempstead
Do Life Insurance and Critical Illness Policies Pay Out?
Protection claims statistics 2015
According to the latest ABI data, 97.2% of overall protection claims were paid out in 2015 (a slight decrease from the year before) but the percentage of critical illness claims that were paid out increased. When claims were declined this was usually due to either the claim being for a condition not covered by the policy, or the customer not disclosing important information when taking out the policy.
The ABI figures are aimed at helping consumers understand why a small percentage of claims are not paid and how they can avoid their claims being declined.
Overall, £3.6 billion was paid out in protection claims in 2015, equivalent to £10m each day, to help individuals and their families cope with the financial strains and worries that can be caused by a life changing event.
Protecting your family against unforeseen circumstances like death or illness can make an immense difference to yourself and your loved ones. For a protection review, please contact one of our protection specialists who will help you put a plan in place to remove the worry and provide security for your family.
Please click here for Q&A: ABI Protection Claims Stats 2015
Please click here for more information on vital protection insurance claims
