Individual income protection provider Cirencester Friendly paid out on 1,348 of claims in 2022, totalling more than £8.5 million.
The provider paid out on 95.4% of received claims last year, up from 93.6% in 2021, with 95% of claims being made for a deferred period of four weeks or less. Accidents and musculoskeletal conditions (both 26%) were the primary reasons for claiming last year, followed by infections (16%). "The fact that accidents are one of the biggest causes of a claim demonstrates how anyone can be vulnerable to being unable to work for a significant period of time," Cirencester Friendly stated. Of total claims received by the provider last year (1,433), 20 were deemed ineligible due to relating...
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