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Scot Prov pays out 91% of CI claims in 2011

Scottish Provident paid out 91 per cent of its critical illness claims in 2011.

The insurer paid out a total of £90m to its CI policyholders and the average payout was £82,000, with the largest over £945,000.

Cancer remained the top reason for making a CI claim, accounting for over half of all claims. A total of 33 different types of cancer were claimed for and a third of all cancer claims were for breast cancer.  

Scottish Provident senior product development manager Jennifer Gilchrist says: “With breast cancer accounting for a third of our cancer claims, it is essential that more women are encouraged to take out protection insurance.

“Earlier detection of breast cancer means that many more women are surviving the disease. That is why we improved our critical illness cover last year by including additional cover for ductal carcinoma in situ, an early form of breast cancer.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Fantastic job by Scottish Provident. One of the market leaders in this field. The cover nobody wants (and not everyone needs) but is a real game changer when there is a successful claim.

  2. Great figures be good to see who has the highest in the market

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