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NU pays out 97 per cent of CI claims

Norwich Union paid out 97 per cent of all critical illness claims during the first half of 2008, averaging just under £72,000 per claim.

The insurer, moving to the Aviva brand next year, paid out over £58m in CI claims during the first half of 2008, compared to £52m during the same period of 2007.

The number of claims declined for non-disclosure of medical information fell to 1.5 per cent, compared to 6.7 per cent for the first half of 2007.

Of the 813 CI claims paid, most common reasons to claim include cancer, which made up 60.1 per cent of total claims, heart attack 7.7 per cent and stroke 6.9 per cent.

NU head of protection products Louise Colley says: “ “In recognising the needs of our customers we continue to lead the market in reducing the number of claims rejected for non-disclosure. We are actively tackling this issue, something that highlights our commitment to providing the peace of mind our customers demand.”


‘Steer clear of bailout bank stocks’

Investors should avoid government-influenced bank stocks due to a lack of dividends and an expected exodus of talent, says New Star global financials fund manager Guy de Blonay.

Fine line on with-profits

The latest stock-market turmoil has inevitably led to the introduction of market value reductions on surrender of with- profits policies and that has equally inevitably led to ill-informed consumer press comment about investors being penalised by insurance companies.


Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]


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