Scot Prov pays 91% of CI claims


Scottish Provident paid 91% of critical illness (CI) claims during the first half of the year.

The provider said this totaled £47m with 2.6% of claims declined due to non-disclosure and the remaining 6.4% through not meeting the claim definition. The average payment was £81,434, with the largest just over £945,000, while the average age of a claimant was 47 years old. Over the course of the year to 30 June, over £30m was paid out for cancer claims, with these accounting for 65% of the total claims paid. Nearly £7m was paid out for heart attack claims, with these making up 13% of all claims. Royal London, parent company of Scottish Provident and stablemate Bright Grey, rec...

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