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

The COVER Review: Claims and underwriting, employer NICs and health checks

The COVER Review: Claims and underwriting, employer NICs and health checks

Week commencing 31 March

COVER
clock 04 April 2025 • 1 min read
British Friendly pays out £5 million in 2024

British Friendly pays out £5 million in 2024

86% of all IP claims paid

Jaskeet Briah
clock 03 April 2025 • 2 min read
Claims and underwriting: Securing life cover after breast cancer

Claims and underwriting: Securing life cover after breast cancer

“Don't take the initial decision at face value”

Jaskeet Briah
clock 02 April 2025 • 6 min read