Zurich critical illness policy payouts top £65m

Jenna Towler

Insurer Zurich paid out on 94% of its critical illness policy claims last year, up from 90% in 2012, latest statistics show.  

It said the firm paid out 806 individual claims in 2013, with more than £65.2m handed over in total. This compared to 744 in 2012 at a value of £59.9m. The largest single claim paid out was for £1m.   zurich said 4.8% of claims were declined due to the definition of the condition not being met, down from 7.9% in 2012, while 1% were declined because of non-disclosure - the same as for the previous year.   Of the top four conditions covered, 60% of payments were made for cases of cancer, (which represented 62% of claims in 2012 and 58% in 2011). Heart attack claims were the next m...

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