Income protection claims move 'will boost IP take-up'

Nicola Brittain

The Income Protection Task Force (IPTF) has said it is "delighted" by the recent publication of income protection (IP) claims statistics by insurance companies, and argued the move would boost consumer confidence in the market.

Last week, Friends Life became the final major provider to disclose its pay-out rates for 2012, following in the footsteps of Aegon, Scottish Provident/Bright Grey and Zurich.  The IPTF has campaigned for insurers to disclose claims rates and has made willingness to disclose the figures a condition of membership of the organisation.  Roy Mcloughlin, a member of the IPTF executive, said: "The IPTF is delighted to see all the main insurers in the market disclosing their statistics. "This matters because there is a lot of uncertainty about claims being paid especially following the PP...

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