British Friendly pays 94.7% of 2018 claims

Annual average of 96.2% since 2005

Adam Saville
clock • 2 min read

Orthopaedic, viral illness/respiratory and mental health recorded as top three reasons

Income protection mutual British Friendly has announced that it paid 94.7% of all claims in 2018, with 44% of them going out due to orthopaedic reasons (MSK). After MSK, viral illness/respiratory was the next most common reason for a claim (17%), followed by psychiatric (11%). Cardiovascular, digestive and neurological all accounted for 5% of the overall paid claims figure. Of the declined claims, 1.3% were for non-disclosure and 4% were for not meeting the definition for incapacity. Since 2005, when British Friendly began recording its claims data, the mutual has paid an annual av...

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 Income Protection

Profile of an IP customer: learnings from 2024

Profile of an IP customer: learnings from 2024

Panel with the IPTF and IRESS

Cameron Roberts
clock 13 December 2024 • 1 min read
Accident victims living with long-term health issues

Accident victims living with long-term health issues

"Younger people are particularly vulnerable"

Jaskeet Briah
clock 05 December 2024 • 3 min read
Partner Insight: New Age of Income Protection

Partner Insight: New Age of Income Protection

From Love Island to loving income protection, for Gen Z income protection should be "100% my type on paper", however, also like on Love Island, this does not guarantee compatibility.

Julie Thompson, Protection Proposition Manager, Scottish Widows.
clock 03 December 2024 • 6 min read