Article date: 13 December 2005
Norwich Union paid over £65 million tocritical illness claimants in 2004, an increase of £15 million morethan the amount paid in 2003 (£49 million). A total of 924 claimswere paid (74% of all claims received), with the average paymentbeing over £70,000. The largest single payout in 2004 was£1,150,000 for a case of thyroid cancer.
The top three claims paid in 2004 were:
- Cancer 66%
- Heart attack 11%
- Stroke 6%
The average age of critical illnessclaimants in 2004 was 40 years old, and men accounted for aslightly higher proportion of claims (51.08%).
Norwich Union was unable to meet 167 claims (13%) due tonon-disclosure of medical information at policy outset. A further164 claims (13%) were declined because the critical illness policyconditions were not met.
Lawrence Jackson, head of risk at Norwich Union, said: “Itwill surprise many people that the average age people make a claimis only 40 years old. This really highlights the importance ofhaving cover in place, as a critical illness can happen at any ageand not just later in life.
“Our report also identifies that in 2004, Norwich Uniondeclined more than one-in-10 claims as a result of non-disclosureof medical information when completing the application form.Whenever this occurs, it is a very sad situation.
“People must take their time when completing applicationforms and ensure that they share all the information they are askedfor. Insurance applications are some of the most important forms aperson will ever fill in and if they don’t answer all thequestions fully and to the best of their knowledge, we may not beable to help them should the occasion arise.”
Press office contacts:
David Gwyer 01904 452828 Outof hours 07800 699508
James Evans 01904 452791 Out of hours 07800 699525
Rob Pell 01904 452659 Out of hours 07800 699563
Cheryl Cox 01904 452617 Out of hours 07800 695275
Notes to editors:
Norwich Union’s claims experience in 2004
Percentage of paid claims
Benign Brain Tumour
Age of claimants in 2004
Percentage of claims
up to 30
About Norwich Union
Norwich Union is oneof the UK's biggest insurers. It is a leading provider of life,pensions and investment products and one of the largest FinancialAdviser (FA) providers. FAs provide over 70% of the company'slong-term savings business in the UK.
Norwich Union has strategic alliances with building societiesand other leading UK brand names including CIS and The Royal Bankof Scotland Group. Norwich Union’s news releases and aselection of images are available from Aviva's internet presscentre at www.aviva.com/media.