Aegon paid out 98% of life claims in 2018 - a total of £67.1m to 742 families and businesses - while it paid out 93% of critical illness claims - a total of £37.4m.
The average size of a life claim was £90,435 last year and the average age at claim was 62 years old, with cancer representing the most common cause of death (47%) followed by heart-related conditions (21%). The average critical illness claim paid was £80,644 and the average age at claim was 50 years old. The ‘big three' conditions - cancer (62%), heart attack (12%) and stroke (7%) - accounted for 81% of critical illness claims. Nearly 5% of critical illness claims were denied due to the definition not being met and the remaining 2% were due to misrepresentation. Meanwhile, 23% of ...
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