Standard Life and Scottish Provident Critical Illness Claim Statistics

Critical illness cover has become a common type ofclaims could have been turned down. Around 8
insurance policy in the UK. Many people have boughtpercent may not have met policy definitions while the
critical illness cover to protect their family in theremaining 6 percent could have been due to non
future or may be to secure their mortgage. Researchdisclosure.
has shown that combined critical illness policy salesAnother company named Scottish Provident had
may have surpassed that of standalone policies downrecently issued some statistics concerning critical
the years. Most of the accelerated cover sold mayillness 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 insuranceclaims. Also, the average amount of money paid as
companies in the UK had released its critical illnessclaim 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 inaverage time the policy was in force could have
approximately 184 critical illness claims during the midbeen about 35 months. In addition to, the illnesses
of July 2006. It also stated that the average claimclaimed 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 havecancer, around 13 percent contracted heart attack,
been about GBP 300,000. Moreover, 60 percent ofnearly 5 percent may have been affected by a
critical illness claims could have come from peoplecritical illness like stroke, about 4 percent may have
aged between 40 and 59 followed by 32 percentbeen victims of Multiple sclerosis, approximately 4
aged between 0 to 39. Also 8 percent of criticalpercent may have been patients of heart surgery
illness claims could have been made by people overand finally 19 percent could have contracted other
the age of 60. Furthermore, 52 percent of claimantscritical illnesses.
could have been women while 42 percent could haveAs seen earlier, both companies stated different
been men. Finally, two child benefits claims could havestatistics. 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 topmore precisely breast cancer is more common
five causes for critical illness claims. The resultsamong women. On the other hand, heart attack may
showed a critical illness like cancer in the first positionbe the most frequent cause of critical illness claim
with 60 percent claims followed by heart attack withamong men. Considering critical illness cover may be a
11 percent claims. The other three critical illnessesdefinite advantage especially to those who are in
could have been multiple sclerosis with 8 percentcharge of a family. The risk of contracting a critical
claims, stroke 4 percent and benign brain tumour 3illness may be elevated so, you might not gamble
percent. Furthermore, 14 percent of critical illnesswith the fact that this cannot happen to you.