NU critical illness payouts rise to £80m

In 2005 Norwich Union paid 1,123 critical illness (CI) claims with an average payout of £73,000. It declined 12% of claims because of non-disclosure of medical facts at policy outset and 11% because policy conditions were not met. The top five causes for claims in 2005 were: Cancer 68%; Heart attack 8%; Multiple sclerosis 7%; Stroke 6%; and Heart surgery 3% Almost nine times more men claimed for a heart attack than women, but twice as many women claimed for multiple sclerosis. Louise Colley, head of protection products at Norwich Union, says: “Norwich Union is ...