Critical illness (CI) payouts are continuing to rise and non-disclosure rates are also improving, new figures show.
Insurers paid out an average of 90.5% of all CI claims last year while non-disclosure was just 1.9% of the reason for rejection, according to a new survey from Investment Life & Pensions Moneyfacts.
The payment rate is up from the 88.4% reported by LifeSearch in 2008, and from around 75% six years ago when results were first starting to be published.
Meanwhile, non-disclosure rates dropped from 2.5% in 2008, and not meeting the definition fell to 7.6%, from 9.1%.
Legal and General had the highest payout rate at 93.6%, closely followed by AXA and Bright Grey (both 93%).
