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Bright Grey pays 90% of CI claims

Bright Grey paid out 90 per cent of all critical illness claims during the first half of 2009.

The protection provider recorded a 7 per cent increase on the amount of paid claims during the same period last year, with an average payout of £80,000.

Claims not paid for non-disclosure were less than 2.5 per cent.

Bright Grey proposition director Roger Edwards says: “As Bright Grey’s book of business continues to grow we continue to see better and better claims statistics coming through.”


Retirement Strategy: Leader

This month, Retirement Strategy finds Personal Accounts Delivery Authority acting chair Jeannie Drake in a bullish mood about the success of the current reforms although I am sure many readers are more cautious.

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


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