| Critical illness cover has become a common type of | | | | claims could have been turned down. Around 8 |
| insurance policy in the UK. Many people have bought | | | | percent may not have met policy definitions while the |
| critical illness cover to protect their family in the | | | | remaining 6 percent could have been due to non |
| future or may be to secure their mortgage. Research | | | | disclosure. |
| has shown that combined critical illness policy sales | | | | Another company named Scottish Provident had |
| may have surpassed that of standalone policies down | | | | recently issued some statistics concerning critical |
| the years. Most of the accelerated cover sold may | | | | illness claims. Scottish Provident affirms that around |
| have been critical illness related mortgage cover. | | | | GBP 169 million may have been paid as critical illness |
| Standard Life, one among the leading insurance | | | | claims. Also, the average amount of money paid as |
| companies in the UK had released its critical illness | | | | claim might have been around GBP 70,425. The |
| claims statistics recently. Let's have a look. | | | | claimants had an average age of 42 while the |
| Standard Life may have paid around GBP 9.8 million in | | | | average time the policy was in force could have |
| approximately 184 critical illness claims during the mid | | | | been about 35 months. In addition to, the illnesses |
| of July 2006. It also stated that the average claim | | | | claimed for could be classified as follows: 55 percent |
| value could have been approximately GBP 53,546. | | | | of people suffered from a critical illness such as |
| The biggest amount of claim paid for, may have | | | | cancer, around 13 percent contracted heart attack, |
| been about GBP 300,000. Moreover, 60 percent of | | | | nearly 5 percent may have been affected by a |
| critical illness claims could have come from people | | | | critical illness like stroke, about 4 percent may have |
| aged between 40 and 59 followed by 32 percent | | | | been victims of Multiple sclerosis, approximately 4 |
| aged between 0 to 39. Also 8 percent of critical | | | | percent may have been patients of heart surgery |
| illness claims could have been made by people over | | | | and finally 19 percent could have contracted other |
| the age of 60. Furthermore, 52 percent of claimants | | | | critical illnesses. |
| could have been women while 42 percent could have | | | | As seen earlier, both companies stated different |
| been men. Finally, two child benefits claims could have | | | | statistics. But the similarity remains that most critical |
| been awarded for leukemia. | | | | illness claims may have been due to cancer. Cancer, |
| Additionally, Standard Life had also revealed its top | | | | more precisely breast cancer is more common |
| five causes for critical illness claims. The results | | | | among women. On the other hand, heart attack may |
| showed a critical illness like cancer in the first position | | | | be the most frequent cause of critical illness claim |
| with 60 percent claims followed by heart attack with | | | | among men. Considering critical illness cover may be a |
| 11 percent claims. The other three critical illnesses | | | | definite advantage especially to those who are in |
| could have been multiple sclerosis with 8 percent | | | | charge of a family. The risk of contracting a critical |
| claims, stroke 4 percent and benign brain tumour 3 | | | | illness may be elevated so, you might not gamble |
| percent. Furthermore, 14 percent of critical illness | | | | with the fact that this cannot happen to you. |