Insurance applications completed dishonestly by 5%

The survey of more than 2,000 people shows almost nine in 10 always tell the truth when completing an insurance application form but the remaining 5% fill the form in dishonestly. More than half of those surveyed believe insurers should not pay out to dishonest claimants while just 8% feel they should receive a full payment. A total of 15% say how much insurers pay out should depend on the nature of undisclosed information. Meanwhile, one in five people do not read all the terms and conditions on a policy before signing up. Mark Jones, protection products and actuarial manager at Fr...