Scottish Widows pays 98.4% of protection claims in 2018

Pay-outs totalling £208m

clock • 2 min read

Scottish Widows paid out 99.3% of life claims and 94.1% of critical illness claims made during 2018 - a total of 7,908 and 1,591 claims respectively.

This was an increase on the 7,469 life claims (98.99%) and 1,769 paid for CI (93.06%) last year. More than £208m was paid out in total - an average of over £4m per week - over the course of 2018. Life The total amount paid in life claims was just under £136m, with £10.9m paid in terminal illness claims. According to Scottish Widows, 52% of all claims for women were as a result of death from cancer, compared to 44% of men. Heart-related claims accounted for 22% of cases for men, compared to 12% of cases for women. The average life claim paid was £43,221 and the highest individual...

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