Non-disclosure battle being won as CI payouts rise

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Insurers are now paying out on more than 88% of critical illness (CI) claims as the industry battle to stamp out non-disclosure shows signs of success, according to LifeSearch.

This is a significant increase from the last set of LifeSearch figures, published in October 2007, which suggested insurers, including the likes of Aegon, L&G and LV=, paid out in only 84% in cases. According to the protection advice firm, one of the key reasons behind the increase is a fall in in non-disclosure, where the client withholds crucial information during the application process. When LifeSearch published its last set of figures, non-disclosure stood at 8%. But this figure has dropped to 2.5%. "There are two important reasons for this fall," says Matt Morris, senior poli...

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