| Critical Illness providers have been quick to point out that they have paid out more this year than last year. As a general rule declined cases for non-disclosure are down as are cases where the illness did not meet the required definition. Below is a list of results clearly showing providers critical illness claims settlement history for last year. The proportionate payment column is one that will probably increase each year. Instead of just declining cases, providers have turned to proportionate payment instead where the illness does not meet the definiton fully or there has been negligent non disclosure.
% OF CLAIMS PAID BY CRITICAL ILLNESS INSURERS – MOST RECENT YEARLY STATS AVAILABLE |
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|---|---|---|---|---|
| PROVIDER | PAID OUT | DECLINED FOR NON- DISCLOSURE | DECLINED FOR NOT MEETING DEFINITION | PROPORTIONATE PAYMENT |
| Source: Health Insurance & Protection | ||||
| AEGON SCOTTISH EQUITABLE | 91% | 3.69% | 5.31% | 1% |
| AXA | 87% | 9% | 4% | NO DATA |
| BRIGHT GREY | 83% | 1.8% | NO DATA YET | NO DATA YET |
| BUPA | 86.1% | 1.79% | 12.1% | 2% |
| FRIENDS PROVIDENT | 87.3% | 4% | 8.7% | 2% |
| LEGAL & GENERAL | 93% | 4% | 3% | Second half of 2008: total £146m paid out, £1.31m proportionate |
| LV= | 87% | 0.7% | 12.6% | 4% |
| NORWICH UNION | 90% | 2% | 8% | 1.2% |
| PRUPROTECT | NO DATA YET | NO DATA YET | NO DATA YET | NO DATA YET |
| ROYAL LIVER | NO DATA YET | NO DATA YET | NO DATA YET | NO DATA YET |
| SKANDIA | 89% | ZERO | 11% | NO DATA |
| SCOTTISH PROVIDENT | 86.7% | 3% | 10.3% | NO DATA |
| UNUM | NO DATA | NO DATA | NO DATA | NO DATA |
| ZURICH | 91% | 0.4% | 8.6% | 0.5% |
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