Scottish Widows paid out more than £25 million on 774 critical illness claims in the year up to October 2006.
The provider has released its critical illness claims history, showing a total payout of over £120 million for 3,703 critical illness claims between January 2000 and October 2006.
Cancer accounted for more than 60 per cent of claims, followed by heart disease, stroke, multiple sclerosis and children’s cover, for which most claims involved leukemia.
Scottish Widows interim protection market director Richard Jones says:
“The need for financial protection has never been greater, yet lack of consumer confidence is contributing to people failing to invest in the valuable protection that they and their dependants need.”