View more on these topics

Ageas reveals CI claims stats for first time

Ageas Protect has revealed its critical illness claims statistics for the first time, with a payout rate of 89.3 per cent in 2013.

More than £11.6m was paid out to CI and childrens’ CI claimants in 2013, with an average payout of £92,547. The average claimant age was 44 years old.

Cancer accounted for 56 per cent of CI claims, and was also the most common cause for childrens’ CI claims.

Of the CI claims not paid in 2013, 4.3 per cent were rejected for non-disclosure while 6.4 per cent were declined due to unmet conditions.

Ageas Protect head of marketing and propositions Steve Casey says: “Announcing our 2013 paid CI claims data is an important milestone for Ageas Protect, having just launched five years ago.

“We look forward to continuing to work within the ABI’s reporting code and to develop our innovative protection products so that more customers benefit from payouts in the future.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com