The majority of critical illness claims are related to cancer, according to Bupa Individual Protection.
The company’s claim statistics reveal over half (55%) of critical illness (CI) claims are related to cancer and more women than men receive payouts for cancer on their policies.
Just under half (48%) of all male claims for CI are related to cancer, compared to nearly seven out of 10 (65%) of female claims.
After cancer the next overall illness claimed for is heart attack (13%), followed by stroke (7%), brain tumour (5%) and total and permanent disability (5%).
The average payout per claim is nearly £79,000 while the largest payout by Bupa Individual Protection to date has been £750,000.
Recent payouts by the firm include a 43-year-old man left disabled after a motorcycle accident who received £250,000 and a 43-year-old woman who developed cervical cancer and received £120,000.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7968 4554 or email [email protected].IFAonline
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