Reassured customers receive pay outs totalling £29.4M in 2021

Across life and critical illness cover

John Brazier
clock • 1 min read

Life insurance broker Reassured has revealed that its customers received a total of £29.4 million across life and critical illness claims last year.

Data from the broker and its life insurance partners shows that a total of 973 claims were paid throughout 2021, a year-on-year increase of 52% from 2020 where 639 claims were paid. Total pay outs in 2021 also rose from the previous year's total of £17.6m, representing an increase of 67% year-on-year. Reassured noted that around 80 families received a pay out during each month last year and that the majority of claims were from policies purchased through a non-advised sales channel, which the broker stated "highlighted the value of customer choice." Ali Crossley, managing director,...

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 Adviser / Broking

COVER Summit North 2025: In pictures

COVER Summit North 2025: In pictures

Event gallery

COVER
clock 28 March 2025 • 1 min read
Simplybiz names Tom Hegarty as CEO

Simplybiz names Tom Hegarty as CEO

Marks second stint at Fintel

Jenna Brown
clock 27 March 2025 • 1 min read
COVER Protection and Health Summit North 2025: Final call to register

COVER Protection and Health Summit North 2025: Final call to register

27 March 2025 – The Park Royal Hotel, Warrington

COVER
clock 18 March 2025 • 1 min read