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Record £6.2bn paid by insurers to help people deal with bereavement and illness
Insurers paid out a record amount, according to the Association of British Insurers (Steve Parsons/PA)
Insurers paid out a record amount to help families cope with bereavement, ill health and injury last year, according to the Association of British Insurers (ABI).
The insurance industry paid out £6.2 billion in life insurance, income protection and critical illness claims in 2020, marking the highest total on record and up 8% on 2019, the figures from the ABI and another industry body, Group Risk Development (GRiD), showed.
This was the equivalent of £17 million being paid out every day.
Insurers pay record £17m a day to help people deal with bereavement and illness
A total of £6.2 billion in life insurance, income protection and critical illness claims was paid out in 2020
Updated
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Insurers paid out a record amount to help families cope with bereavement, ill health and injury last year, according to new figures.
Insurers pay record £17m a day to help families cope with bereavement or illness
A total of £6.2 billion in life insurance, income protection and critical illness claims was paid out in 2020
Updated
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