Bright Grey reveals life and critical illness stats

Since launch, Bright Grey has paid out over £20m in life cover and over £14m in critical illness cover. The largest critical illness claim the company has paid was £260,000 and the largest life insurance claim paid was £1.65m. The average size of critical illness claim paid in the past year was £77,000. The average age of critical illness claimants was 43 for men and 40 for women, with 42pc of critical illness claims relating to cancer. John Deane, chief executive of the intermediary division at Royal London, said: "Bright Grey was set up to help people at one of the most difficult ti...