Zurich sees spike in life insurance claims

Pandemic drives third of increase

Adam Saville
clock • 3 min read

More than £4.5m paid out due to Covid-19 so far and more than £10m more expected in coming weeks

Zurich UK paid out over £154.2m in life insurance claims during first half of 2020 - this is £14.2m more than the same period last year. Financial support through life, critical illness and income protection policies has been paid to more than 3,200 customers by the insurer so far this year. Claims already paid for Covid-19 account for around a third of the increase in life insurance payments made, however the insurer said it expects over £10m to be paid to customers due to the pandemic over the coming weeks. Life insurance For life insurance, more than 2,100 claims were receive...

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

COVER Protection and Health Summit 2024: In pictures

COVER Protection and Health Summit 2024: In pictures

Event on 07 November

COVER
clock 13 November 2024 • 1 min read
Third of stressed Brits worried about personal finances

Third of stressed Brits worried about personal finances

Cigna Healthcare research

Jaskeet Briah
clock 13 November 2024 • 2 min read
Fifth of adults believe they do not need a will

Fifth of adults believe they do not need a will

Most respondents have no life cover

Jaskeet Briah
clock 11 November 2024 • 3 min read