Cirencester Friendly pays 95.7% of claims in 2019

Up on last year’s figure

Adam Saville
clock • 2 min read

Most common reason for a claim was accident or injury which accounted for 43.5% of applications

Individual income protection provider Cirencester Friendly has paid 95.7% of claims in 2019, up on last year's figure of 95.2%.  During the year a total of 1,275 claim applications were made, of which 98.4% were eligible for consideration. This left 1,255 claims to be considered and of these, 95.7% were paid, totalling almost £5.9 million in benefit.   Reasons for rejecting claims included the inability to either provide proof of earnings or medical evidence, no loss of earnings following the illness or injury and finally, claims for previously undisclosed pre-existing conditions. ...

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

Iress adds Scottish Widows' new IP to platform

Iress adds Scottish Widows' new IP to platform

Technology provider, Iress, has added Scottish Widows’ new income protection (IP) product to The Exchange - its quote and apply platform for intermediaries.

Jaskeet Briah
clock 06 November 2024 • 1 min read
To retirement or not to retirement

To retirement or not to retirement

IP is the Question

IPTF
clock 05 November 2024 • 3 min read
IPTF announces restructure

IPTF announces restructure

Andrew Wibberley steps down

Jaskeet Briah
clock 24 October 2024 • 3 min read