Why cover?
  • affects 1 in 4 women / 1 in 5 men before retirement
  • 94.1% of the critical illness claims are paid
  • protect yourself and your family if you get seriously ill
Why us?
  • get the cover that will pay when you need it
  • save up to 35%, cover from £5 a month
  • free, fast and without obligation quotes
Insurers: Aviva, Legal & General, Liverpool Victoria, Scottish Widows, Vitality, Zurich

When are you suspected to get critically ill?

“But he’s so young! How could that happen?”

Whenever we hear about someone we know passing away or being diagnosed with a critical illness, we are often jolted into the reality that critical illness can happen at a time we least expect it. More often than not, we blithely go on through life thinking that something bad as being diagnosed with a critical illness is something that won’t happen to us. Sadly, statistics tell us otherwise.

  • Cancer strikes a wide range of individuals, with around 293,600 new cancer diagnoses every year. This is based on information from the www.cancerresearchuk.org website.
  • More than 400 people in the UK suffer from a stroke daily. Even though a considerable percent occurs at the age of 65 and above, stroke victims are getting younger through the years. There are even incidences of stroke in babies and children.
  • Over 30,000 persons require heart surgery every year.
  • Around 100,000 individuals in the UK are diagnosed with multiple sclerosis, a disease that strikes the young (20 to 30 years old).

Claims reports for critical illness policies corroborate these findings. Above you can see a breakdown of critical illness claims according to age and gender, based on the Critical Illness claims report by Scottish Provident covering the first six months of2012.

A Closer Look on Claims (Based on Scottish Provident information)

Please note that Scottish Provident has a CI Claims payout rate of 93% for the period covered by the report, where 2% of denied claims were due to the discovery of material non-disclosure on the part of the insured and 5% denied because the illnesses being claimed against didn’t meet the requirement in the policy.

Based on statistics on critical illness claims, the average age of the Person insured that filed a claim is 49, and the average time the policy has been in force at the time of the claim is 9 years and 1 month.

Children’s Critical Illness

Scottish Provident has also paid 20 claims for children’s critical illness with an average payout of £18,719 during the first half of the year 2012. The average age of the child who made a CI claim is 8 years old.

To protect yourself and your family, save up to 35%, please fill the critical illness cover + life insurance form on the right now or call 0808 231 7035.

 

Questions and Answers