Wiltshire Friendly pushes IP claims payments publication

clock • 1 min read

Wiltshire Friendly Society has announced high claims payments on income protection, with 97.6% of all claims paid.

One of a growing number of providers calling for openness in IP statistics, John Sanders, chief executive of the Wiltshire said it is essential to produce these figures alongside strong terms and conditions.

The income protection specialists noted that, when added to the two previous year's statistics, the average over the past three years stands at just over 97.8%.

"It is vitally important for us to not only provide first class products at inception, but also efficient processing and payments at the time of claim. Advisers should obtain significant comfort from these figures and remain confident that the Society will look after their clients at what can be an extremely difficult time," he said.

Sanders also revealed the society has had no Financial Ombudsman Service referrals since 2005.

"Whilst this may surprise many, it should not be forgotten that as a mutual based society, we exist for the sole benefit of our members", he said.

 

 

More on Income Protection

Working2Wellbeing joins IPTF

Working2Wellbeing joins IPTF

Eighth member for 2025

Cameron Roberts
clock 04 April 2025 • 1 min read
The return of redundancy cover and its importance

The return of redundancy cover and its importance

Demand looks set to remain high

Kesh Thukaram
clock 02 April 2025 • 3 min read
Interactive video: Addressing client income protection concerns

Interactive video: Addressing client income protection concerns

How do you engage with clients to help them understand the value of income protection?

Scottish Widows
clock 14 March 2025 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read