The group risk industry has published its paid claim rates for the first time - revealing it paid 99.6% of life insurance claims, 82% of income protection and 81% of critical illness.
Industry data compiled by Group Risk Development (Grid) revealed a total of £1.24bn was paid out during 2013 to a total of 24,102 UK families. During 2013 there were 8,803 group life claims tota...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
