Scottish Provident paid out 91 per cent of its critical illness claims in the first six months of 2013, down slightly from 93 per cent in the first half of 2012.
A total of 585 claims were paid in the first six months of 2013, while 61 claims were denied.
Of the claims denied in the first half of 2013, 43 were declined because the illness did not meet one of the provider’s critical illness definitions, while 18 were denied because of non-disclosure.
The average payout in H1 2013 was £90,478, compared to £84,743 in H1 2012. The average age of claimants remained at 49.
Cancer remains the most claimed for illness at 66 per cent of all claims, followed by heart attack, at 12 per cent, and stroke at 6 per cent. Breast cancer accounted for almost a third – 31 per cent – of all cancer claims made over the first six months of the year.
Scottish Provident head of product development and technical support Ian Smart says: “Suffering a critical illness can be distressing enough, without compounding this with financial concerns about how to cope with the loss of a regular income.
“We are committed to paying out as many critical illness claims as possible; swift financial support can make all the difference to both a claimant and their family.”
Bright Grey, Scottish Provident’s sister brand, has not yet released its critical illness claims statistics for the first half of the year.