Zurich pays 96% of protection claims in 2018

Over £233.4m

Adam Saville
clock • 2 min read

Non-disclosure is main reason why claims are being rejected

Zurich paid £233.4m worth of protection claims in 2018, a total of 96%. The six claims that were declined for life were because of non-disclosure of important medical information, such as history of smoking or alcohol misuse, at application stage. A total of £134.6m was paid to 1,798 life insurance customers. The highest life claim paid was £1.2m, with the average being £51,000. Critical illness For critical illness (CI), 91% of claims were accepted and 9% were declined due to the non-disclosure of medical information at application stage. Over 912 CI claims were paid, amount...

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

Little change in economic inactivity: ONS

Little change in economic inactivity: ONS

Number of vacancies decreasing

Jaskeet Briah
clock 17 December 2024 • 3 min read
Beagle Street adds protection offering to OneFamily platform

Beagle Street adds protection offering to OneFamily platform

Replatformed by iPipeline

Jaskeet Briah
clock 12 December 2024 • 1 min read
Young adults turning to social media for health information

Young adults turning to social media for health information

Half of adults have self-diagnosed in the last year

Jaskeet Briah
clock 11 December 2024 • 3 min read