Four out of five protection buyers unaware of claims stats - research

Meanwhile some 81% of people believed the UK protection industry pays out less than 90% of life protection claims each year. The research was undertaken on a sample of 571 respondents from the Aegon Customer and Consumer panel, surveyed in March 2017. The panel is comprised of a mix of Aegon customers and non-customers. Half (52%) of people thought this figure was less than 70%. While 92% of consumers thought the industry pays out less than 90% of critical illness protection claims each year, with the majority (58%) of people believing this figure was less than 70%. More than half ...