Scottish Widows reveals critical illness claims - Life insurance - News - Moneyfacts

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Scottish Widows reveals critical illness claims

Scottish Widows reveals critical illness claims

Category: Life insurance

Updated: 26/11/2012
First Published: 22/05/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Figures from Scottish Widows show the insurance firm paid over £28 million in critical illness cover claims between November 2007 and October 2008.

On average, just over £540,000 was paid out each week, while just two per cent of claims were turned down because of non-disclosure, down from five per cent the previous year.

It is the third year in a row that the number of claims turned down because of non-disclosure has been reduced. The number of claims declined because they weren't covered by policy was ten per cent.

"We're pleased to have increased the claims we've paid and to have significantly reduced the number of claims denied due to disclosure," said Richard Jones, head of protection at Scottish Widows.

"We want to play a key role in helping people take control and prepare for the unforeseen, being there to support and provide them with money when they need it most."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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