Skandia's successful CI claims rise to 88%

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 ...