L&G first non mutual to release IP claims data

The insurer paid 93% of IP claims in 2010. The company has confirmed it declined 5% of claims due to the policy definitions not being met or because the claimant was financially ineligible. A further 2% of claims were unpaid due to non-disclosure. A fifth (20%) of claims were for mental illness, 11% for cancer and 25% for musculoskeletal conditions.