View more on these topics

Average age of critical-illness claimants falls

The average age of critical-illness claimants is falling, says Scottish Provident.

The average age for a CI claim was 42 in December 2002 compared with 44 in June 2002.

Women are claiming on policies two years younger than men, 41 compared with 43. Scottish Provident suggests that the extra years of life traditionally enjoyed by women may not necessarily be healthy ones.

The firm says the figures also show that cancer tops the list of causes of claims, accounting for 55 per cent of all claims. Forty-two per cent of all male claims and 73 per cent of female claims are for cancer. Child cover claims are the sixth most common cause for a claim, with more than 90 per cent of these claims coming from leukaemia.

Head of product development and marketing Nick Kirwan says: “The whole point of CI insurance is to ensure that people know if the worst should happen they would not have any financial worries. By showing them the numbers of claims which are paid, we can prove this is the case.”

Recommended

Price rise slows to just 0.4%

The average house price rose by 0.4 per cent in February to £118,521 from £118,048 in January, according to Nationwide Building Society.The annual increase hit 24.8 per cent but it was the smallest monthly price growth since October 2001.Nationwide says it is too early to say if this is the start of a sustained slowdown […]

People spending more at the pub than on pensions

Thousands of Britons are enjoying “rock and roll lifestyles,” spending more each month on alcohol and cigarettes than they save, according to new research by Birmingham Midshires.The bank reports that three in five Britons are spending more money in pubs each month, an average of £60.56, than they do in saving for their retirement.The study, […]

How the FSA has failed income drawdown clients

It is naive in the extreme of David Cliffe of the FSA to say that PI insurance costs have not risen because of regulatory failings. Many of these were clearly not the responsibility of the FSA in its current form but even now it is not dealing properly with the highest-risk areas of the IFA […]

Business up by 24% at Swiss Life

New business at Swiss Life rose by 24 per cent to £53m last year from £42m in 2001. The company says that during last year it enjoyed substantial growth in both critical-illness cover and income protection sales. Managing director Brian Hurd says the fact that IFAs have stuck with Swiss Life as it searches for […]

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?

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