97% of Zurich GIP claims paid in 2016

First time GIP figures revealed

clock • 2 min read

Zurich has revealed its payment rates for group income protection (GIP) claims for the first time.

Over 97% new claims were accepted last year with employees benefitting from annualised payments averaging £37,900. During 2016, cancer was the main cause of claims at 27%, followed by mental health (19%) and musculoskeletal claims (13%). Half of employee absences notified to Zurich did not progress beyond the end of the deferment period and therefore did not reach claim stage. A large proportion of these are where the employee returned to work. Other reasons include the employee leaving employment or passing away. Overall, around 40% of those who returned to work, received rehab...

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