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 £750,00...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
