19 July 2018
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Zurich paid out 91% of new group income protection claims in 2017
Zurich has announced it paid out 91% of new group income protection (GIP) claims in 2017 - with average annual benefits of £26k. During the same period, 99% of group life claims were paid by the insurer.
Nearly half (46%) of all GIP claims fitted into the lower income bracket of under £25k and mental illness was the trigger of 28% of claims, followed by 26% for cancer and 14% for musculoskeletal claims....
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