Our future is unpredictable. You can not take the chance and simply say that nothing can happen to you. Life is so important, and certainly not something to play with. Reviews show that each of us is more likely to suffer a serious illness than die before age 65. Consequently, people are increasingly seeking a critical illness protection and income protection insurance for the future.
A critical illness coverage will protect you in case of serious illness. The system of protection against serious diseases may give you benefits when you are suffering from the disease identified by your policy. Income protection insurance provide you with benefits if you are unable to work because of your serious disease or any any other problems.
Payments of these coverages can help in different ways. In a first step, the critical illness protection can take about 28 days to three months before making the payment. Read full post…
Aviva critical illness insurance paid out 90.1 per cent of all claims made in 2009, totalling almost £18million, an average £79,000 per claim.
The average amount that Aviva critical illness insurance claims paid out grew last year from £75,000 in 2008, and accounted for 1,499 successful claims.
The 2009 figures, released today, have pushed the total that Aviva has paid out in critical illness insurance claims since 2006 over the £1billion mark.
When it comes to what the claims are made for, the overwhelming majority are as a result of a cancer diagnosis, accounting for 67 per cent of all critical illness insurance claims in 2009.
Figures from the wider market unveiled by Investment Life & Pensions Moneyfacts this week, found that the number of critical illness insurance claims rejected for nondisclosure has fallen from 2.5 per cent in 2008 to 1.9 per cent; Aviva’s results reflect these findings, seeing a fall in rejected claims for this reason from four per cent in 2007 to two per cent in 2009.
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— Admin @ 11:29 pm — 
July 17, 2010