Rise in Scottish Widows' paid claims

Scottish Widows paid out on 88% of critical illness (CI) claims made last year, according to figures from the provider. The statistics show that 10% of claims were declined for not meeting the definitions of the policies held, while 2% were declined due to non-disclosure. The rate of non-disclosure, Scottish Widows revealed, has fallen by 60% in a year. The three main reasons for customers claiming were for cancer, heart-related disease and stroke. On average, Scottish Widows said it paid out an average £543,000 each week in claims. Richard Jones, head of protection at Scottish Widows...