What Is the Average Length of Claim for an Income Protection Policy?

What’s the average claims length for an Income Protection policy? Do people usually claim for a long time or is there a maximum payout length?

Question asked by Helen Waring

Income Protection claims explained

Liverpool Victoria (LV) has published claims data showing that their average claim length for Income Protection in 2012 was 7 years.

Meanwhile, more up to date figures from Aviva reveal that the average claim length for all claims being paid in 2016 was 3 years and 16 weeks.

As you can see, the average claim length on Income Protection policies is measured in years, not weeks.

Short-Term Plans

Short term plans pay out for 12 or 24 months, whereas long-term plans pay out until you return to work or until the policy expires. Many people on long-term plans set the policy to expire at retirement age or to coincide with the end of their mortgage.

Understandably, the longer the payment period the higher the monthly premium so you would need to take your budget into account.

Seek advice

We can provide you with a quote online or you can speak to one of our advisers on 02084327333 to run through your options.

Very good service from Rauri – he has been very helpful and thorough.

Kathryn Wright
16/05/2021
Reviews.co.uk Logo
Compare Top 10 UK Insurers
Takes approx. 60 seconds
  • £

Or call us on 0208 432 7333

Compare Top UK Insurer Quotes Logos
Contact Us
Head Office & Pensions and Investments
Senator House
85 Queen Victoria Street
London
EC4V 4AB
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
Drewberry London Office MapDrewberry Brighton Office Map
Our Core Principles
  • 1You Come FirstWe are a client focused business who always aim to put you first.
  • 2We are ExpertsTo provide you with the best advice, we need to know our stuff!
  • 3We are HumanWe are real people with feelings who are here to help you.
  • 4We are ProfessionalProviding a 5-star service requires a professional approach to everything we do.
  • 5We are here to EducateWe don't believe in sales, we are here to educate so you can make informed decisions.
Finalist - Moneyfacts AwardsFinalist - Cover Excellence AwardsHighly Commended - Protection Review Awards
Proud member of AMII (Association of Medical Insurers & Intermediaries)Proud member of Money Advice ServiceProud member of UnbiasedProud member of BIBA (British Insurance Brokers' Association)

If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). The FOS website is www.financial-ombudsman.org.uk.

Drewberry Ltd is registered in England and Wales. Companies House No. 06675912

Drewberry Ltd registered office: Telecom House, Preston Road, Brighton, England, BN1 6AF. Telephone 0208 432 7333

Drewberry Ltd (Financial Conduct Authority No. 505473) is an Appointed Representative of Quilter Wealth Limited and Quilter Mortgage Planning

Limited, which are authorised and regulated by the Financial Conduct Authority.

Drewberry™ uses cookies to offer you the best experience online. By continuing to use our website you agree to the use of cookies. If you would like to know more about cookies and how to manage them please view our privacycookie policy.