Three of the main providers of critical illness cover have released their claim statistics data, so you may be interested to find out what conditions policyholders are claiming for and whether the companies are paying out on the claims. BUPA These statistics are correct as at 30 September 2009, for a 12 month period. the [...]
Life Assurance, Critical Illness Cover etc – Are You Paying For Policies You Don’t Need?
November 16, 2009 By
One of the common issues we find when we review a new client’s situation is that over the years they have been sold (or have purchased) many life, critical illness and income protection policies. Now, it’s important of course to state that such cover for, say, a couple with a family and a mortgage, is [...]
Critical Illness Cover – Do Insurers Get it Wrong With Claims? – Hot Topics Q & A
June 28, 2009 By
Q. I’m looking to purchase life cover and critical illness cover. How often do insurers wrongly turn genuine claims down? A. This is a great question as some people’s perception is that insurance companies set out to try and turn down claims whenever possible. Let’s look at some numbers… In 2007 and 2008 (combined) there were [...]
Critical Illness Claim Statistics 2008
March 24, 2009 By
In line with the trends of the last 3-4 years, many insurance companies have announced their claims statistics for critical illness cover. As a brief reminder, the idea with critical illness cover is that it will pay out a lump sum (usually) in the event of diagnosis of a number of serious illnesses. Critical illness [...]
Critical Illness Cover – Is It Worth It? – Hot Topics Q&A
September 21, 2008 By
Q. I’m thinking about applying for some critical illness cover. I’m in two minds about it as I have life assurance and income protection. I see that most plans cover a number of conditions. What figures are available for the claims paid out for these companies? I want to know that they actually honour their commitments [...]
