Zurich paid 97% of all protection claims during the first half of 2018, the insurer has revealed. Some £116.8m worth of benefits were received by more than 1,500 retail customers with life, critical illness and income protection policies.
Zurich paid 91% of critical illness claims during the first six months of this year, amounting to more than £33.1m - the average lump sum was £76,000 and the highest paid claim was £583,000. As part of this, the insurer also paid a small number of additional payments to customers where their policies enabled them to claim for less severe diagnosis of certain conditions and claims for children with critical illnesses. The most common reason for a critical illness claim was cancer (64%), followed by heart attack (12%), stroke (7%) and multiple sclerosis (3%). Breast cancer accounted for...
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