Legal & General paid out GBP110m in critical illness claims
Wed, 19 Mar 2008
It has been announced by Legal and General that in 2007 it paid out 110m pounds in critical illness insurance claims achieving a success rate of 88.2 per cent.

The amount that has been paid out has grown from £92.1 million, which according to Bernie Hickman, Managing Director of Protection at Legal and General is further evidence of the company’s progress in bringing down the level of declined claims .

"Customers should have every confidence that insurers will treat them fairly when they make a claim," he said. "We are in the business of paying out much needed money when customers need it most."

Critical illness insurance is intended to provide a cash lump sum payout to people who are diagnosed with a specifies illness, usually not a pre-existing one, to help them if they have to stop working and if their homes require any necessary adjustments.
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