Aegon pays a total of £128.6m protection claims in 2018

To 1,552 families and businesses

Adam Saville
clock • 2 min read

Claims figures for life and critical illness in line with last year's results

Aegon paid 98% of life claims in 2018 - a total of £67.1m to 742 families and businesses - while it paid 93% of critical illness claims - a total of £37.4m. The average size of a life claim was £90,435 last year and the average age at claim was 62 years old, with cancer representing the most common cause of death (47%) followed by heart-related conditions (21%). The average critical illness claim paid was £80,644 and the average age at claim was 50 years old. The ‘big three' conditions - cancer (62%), heart attack (12%) and stroke (7%) - accounted for 81% of critical illness claims. ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

CII report calls on senior leaders to improve vulnerable customer outcomes

CII report calls on senior leaders to improve vulnerable customer outcomes

‘Significant training gaps’ identified

Jaskeet Briah
clock 10 April 2025 • 3 min read
What has coffee got to do with insurance?

What has coffee got to do with insurance?

Insurance beyond the claim

Andy Philo
clock 09 April 2025 • 3 min read
IPTF marks affiliation with The Association of Financial Mutuals

IPTF marks affiliation with The Association of Financial Mutuals

Raising awareness and educating advisers

Jaskeet Briah
clock 09 April 2025 • 2 min read