Skandia has reduced the number of declined critical illness claims by 3% compared to July last year, according to new figures.
The firm says 88% of claims have been successful, up from 85% in July 2006, which means up to February 2007 it has paid out over £181m to 1,920 critical illness policyholders.
It says of the 12% of claims which were declined by the insurer, 2% of these were because of non-disclosure, while the remaining 10% were rejected because the policy definition was not met.
The figures reveal cancer remains the most commonly claimed critical illness, accounting for 59% of claims and payments worth £90.8m, while 15% of claims were heart attack related, 8% were because of heart surgery and 7% were down to strokes.
However, it points out the number of claims differs between men and women, with the latest figures suggesting cancer accounts for just 48% of male claims, but 77% of women’s, with breast cancer – 58% - the most common form.
As Skandia CI contracts also provide children’s cover, it says cancer was again the most common form of claim for children, followed by 12% relating to bacterial meningitis, and 4% for terminal illness, with average claim age of seven-years-old.
Ian Brown, protection marketing manager at Skandia, says: “We have put a great deal of effort into ensuring our application forms are clear and user friendly in order to reduce the number of claims not paid for non-disclosure. These results show these steps are working.”
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