Aviva: £60m critical illness payouts

Thursday, 03 September 2009 12:00

Aviva is highlighting the importance of having critical illness cover by revealing it has paid out almost £60 million to people in need.

The insurer paid out 744 critical illness claims during the six months to the end of June, with the average payment being just over £80,000.

And, on top of the £60 million paid out to policyholders, it also paid a further £82 million to families of people who had died or been diagnosed with a terminal illness.

Michael Whyte, chief underwriter for Aviva, said: "Critical illness and life policies are the type of policy nobody wishes to need to claim.

"Yet evidence shows these are vitally important policies that can support families and secure their financial well-being during the worst of times."

Aviva also revealed, during the first six months of the year, it paid out 89 per cent of all claims. The most common cause of claim was cancer, which accounted for 64 per cent of claims.

• Tags:
• products and companies