Scot Prov paid out 91pc of CI claims in 2013

Sam Cordon

May 10, 2012

The figures also revealed that Scottish Provident paid £53m to policyholders in the first half of the year and the average pay out was £90,478, with the maximum claim exceeding £600,000.

Ian Smart, head of product development and technical support at Scottish Provident, said: “Suffering a critical illness can be distressing enough, without compounding this with financial concerns about how to cope with the loss of a regular income.

“We are committed to paying out as many critical illness claims as possible; swift financial support can make all the difference to both a claimant and their family.”

Cancer remains the most claimed for illness (66%), followed by heart attack (12%) and stroke (6%). Breast cancer accounts for almost a third (31%) of all cancer claims made over the first six months of the year.

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