Scot Wids pays over £1bn in claims since 2000

During 2010 the provider paid 90.4% of CI claims received, with 2% declined due to non-disclosure and 7.6% due to the claim not meeting any of its definitions. In total more than 30,800 life and critical illness claims have been paid since 2000 with life claims totalling over £728m, or £1.27m on average every week. It also paid £426m, or £744,000 per week, for critical illness claims. Cancer remained the most common cause of claim for both life (54%) and CI (59.9%), followed by heart related illness (16% for life, 20.3% for CI). Split by gender, cancer was the reason for a life ...