LV= Covid claims pay outs exceed £12m

Over 1,400 policyholders

John Brazier
clock • 1 min read

Life insurance, critical illness and income protection claims caused by Covid have totalled over £12 million since the start of the pandemic

According to the latest LV= Protection Pays - A Year of Covid report, the insurer has paid more than 1,400 pandemic-related claims since 16 March last year, totalling £12.1m. Death claims between March 2020 and March 2021 reached a total value of £12m, with a further £146,924 paid out for income protection claims. LV= states that death claims peaked in January this year, representing 42% of all claims submitted during the annual period. LV= paid out for 332 income protection claims, with the most common occupations of claimants listed as nurses, care workers, carpenters, warehouse and...

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