Income Protection Insurance News

All of the latest news and features from Drewberry™ on all aspects of Income Protection
Royal London Paid £575m in Protection Claims in 2019
Royal London Paid £575m in Protection Claims in 2019
Royal London paid £575m in protection claims last year to nearly 120,000 clients. This includes payouts on 94.3% of life claims, 92.6% of CIC claims and 91.6% of new and existing Income Protection claims.
Aviva Pays Nearly £1 Billion in Protection Claims in 2019
Aviva Pays Nearly £1 Billion in Protection Claims in 2019
In 2019, Aviva paid £982 million in protection claims, accounting for 96.3% of all claims received. This includes 93.1% of Critical Illness claims and 98.6% of Life Insurance claims.
AIG Pays More Than £92m in Protection Claims in 2019
AIG Pays More Than £92m in Protection Claims in 2019
In 2019, AIG paid out a total of £92.1m in Life and Critical Illness claims, broken down into £48.2 million for Life Insurance (plus £12.4 million in Terminal Illness claims) and £30.3 million in Critical Illness claims
Legal & General Pays £731m in Protection Claims in 2019
Legal & General Pays £731m in Protection Claims in 2019
Legal & General has announced that in 2019 it paid £731m in protection claims, including 97% of Life Insurance claims and 92% of Critical Illness claims. Total claims paid over the past 5 years stand at almost £3bn
Liverpool Victoria Pays £100m in Protection Claims in 2019
Liverpool Victoria Pays £100m in Protection Claims in 2019
Liverpool Victoria (LV) has announced it paid £100 million in protection claims last year, paying out on 94% of the claims it received overall in the 12 months to December 2019.
Scottish Widows Pays 98.2% of Protection Claims in 2019
Scottish Widows Pays 98.2% of Protection Claims in 2019
Major UK insurer Scottish Widows reveals it paid more than £212 million in protection claims in 2019, with a payout rate of 99.4% for Life Insurance and 93% for Critical Illness Cover. Combined, this made for a total payout rate of 98.2%.
Aegon Pays £148.1m of Claims in 2019 including 100% of Income Protection Claims...
Aegon Pays £148.1m of Claims in 2019 including 100% of Income Protection Claims...
Major insurer Aegon reveals it paid £148.1 million in protection claims in 2019, with a payout rate of 96% for Life Insurance, 100% for Income Protection and 94% for Critical Illness Cover.
Zurich Pays 97% of Protection Claims in 2019
Zurich Pays 97% of Protection Claims in 2019
Major insurer Zurich reveals it paid 97% of all protection claims in 2019, with a payout rate of 99% for Life Insurance, 98% for Income Protection and 90% for Critical Illness Cover. Zurich paid £287.6m in protection claims overall in 2019
Shepherds Friendly Pays 96.3% of Income Protection Claims in 2019
Shepherds Friendly Pays 96.3% of Income Protection Claims in 2019
UK mutual society Shepherds Friendly has revealed its 2019 claims data. It paid 96.3% of all Income Protection claims last year, making it an insurer you can trust to pay out when you need it the most.
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