Total claims on the rise and number declined falls

Zurich reported a 6% rise in the number of critical illness claims paid out compared to 2007 with 746 claims paid in 2008, compared to 710 paid claims in 2007 and 702 claims paid in 2006.

Zurich declined 9% of claims, with 0.4 % due to non-disclosure and 8.6 % due to the definition not being met, compared to an overall decline rate of 12% in 2007.

The amount paid out by Zurich in critical illness claims has increased, with £58.5 million paid out in claims in 2008 compared to £49.6 million in 2007. Cancer remains the most common condition with 53 % of total critical illness claims paid in 2008, followed by heart attack whilst multiple sclerosis was the third most common condition

Phil Brown, Zurich UK Life's underwriting and claims director, said: "At Zurich we have a long tradition of paying valid claims quickly - that is what we are here to do. We understand how important it is for consumers to be able to turn to their insurer in their hour of need and have the peace of mind from knowing that their claim is being dealt with as efficiently as possible. We are proud of our claims philosophy and our proven track record".

Concludes Brown, "Whilst the cause of critical illness claims remains broadly similar, it is interesting to see that this year multiple sclerosis has replaced strokes as the third most common condition. Whatever the reason for the claim, in the current climate it's more important than ever that we highlight the massive difference we make to people by paying millions every year in claims, to help improve consumer confidence in the industry as well raising awareness of the benefits of having some form of mortgage or family protection in place."

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