Aviva paid out more than £140m in critical illness (CI) and life insurance claims during the first half of the year.
The insurer says it paid 744 CI claims - 89% of those received - totalling almost £60m and a further £82m to the families of relatives who had died or been diagnosed with a terminal illness. The average CI payout was £80,429. The number of claims declined for non-disclosure of medical facts at the policy's outset was 2%, the same as the full year 2008, while the number declined due to the definition not being met was 9%. "Critical illness and life policies are the type of policy nobody wishes to need to claim against, yet evidence shows these are vitally important policies that can su...
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