AIG Pays More Than £92m in Protection Claims in 2019

AIG has revealed its claims data for last year — it paid more than £92m in Life Insurance and Critical Illness Cover claims in 2019.

AIG logo

AIG Pays £92.1m in Life and Critical Illness Claims

AIG has released its claims data for the 12 months to December 2019, with the insurer’s figures showing that it paid:

AIG Life Insurance Claims in Figures…

AIG Life Insurance paid out on 1,709 Life Insurance claims totalling £48.2 million last year, with an additional £12.4 million paid in terminal illness claims.

The average payout on an AIG Life Insurance policy was £28,236, while the highest individual claim totalled £2 million.

The average age at claim was 67 years old.

There were three main causes of death that triggered a payout:

  • Cancer (39%)
  • Cardiac (23%)
  • Respiratory (13%).

AIG Critical Illness Claims in Figures…

AIG paid £30.3 million in Critical Illness Insurance claims last year on a total of 398 claims.

The average claim paid on such a policy stands at £76,156, with the highest individual claim being £955,940.

The average age of a claimant was just 47 when critical illness struck.

Of all claims, the top five causes were:

  • Cancer (67%)
  • Heart attack (9%)
  • Stroke (7%)
  • Multiple sclerosis (2%)
  • Heart valve replacement / repair (2%).

Tom Conner Director at Drewberry
Tom Conner
Director at Drewberry

“AIG approached £100 million in Life and Critical Illness Insurance payouts in 2019, an impressive figure. It highlights that AIG is one of the major insurers responsible for helping individuals and their families up and down the country at their time of need.

“These figures of course don’t include the support on offer from AIG’s additional benefits service, Smart Health, which includes a remote GP service that has helped thousands of policyholders access the healthcare they need at a time that suits them.”

I've had a very good experience. Sophie kept me up to date and was very helpful. I am really pleased with the product I received and the whole process was much easier than if I had attempted to do it myself.

Katherine Collins
05/05/2020
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
Millennium Bridge House
2 Lambeth Hill
London
EC4V 4GG
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)
Cookie Use

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.