Protection specialists Unum has pronounced its 'Independent Living' insurance a success story with over 6,000 policies sold.
The contract launched in 1997 is designed to provide pensioners with cash lump sums in the event of breaking a bone or accidental death.
The policies are sold through pension schemes at a set price of £4.95 regardless of age or sex. There is also no requirement for medical evidence.
Typical payouts range from £200 for a broken nose up to £4,000 for a broken pelvis. There is no limit to the amount of times a claim can be made, but the maximum claim is subject to a maximum of £30,000.