Zurich pays 92% of CI claims

clock

Zurich has revealed it paid 92% of critical illness (CI) claims last year.

The results are an improvement on those from the first six months of the year. Just 8 claims, 1.2% of the total, were declined due to non-disclosure with the remaining 6.8% turned down for the definition of the condition not being met. The non-disclosure rate has now remained static for the past three years. In all £64.5m was paid out to 796 claimants, a slight increase on the 787 claims in 2010. The largest single claim paid out was for £1.1m. Of the top four conditions covered, 58% of payments were made for cases of cancer, up from 50% in 2010 and 48% in 2009. The next t...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Critical Illness

Defaqto launches critical illness comparison tool

For Engage planning solution

Adam Saville
clock 12 February 2019 • 1 min read

Breast cancer still biggest cause of CI claims - Aegon

Group paid £56m in last decade

Adam Saville
clock 25 October 2018 • 1 min read

F&TRC rolls out age-banded critical illness analysis for advisers

Data from each insurer

Adam Saville
clock 27 September 2018 • 2 min read