Aviva pays out £413.8m on group protection claims in 2023

Aviva pays out £413.8m on group protection claims in 2023

Overall, 8,077 employees and their dependants received a claims payment last year, with cancer continuing to be the leading cause of claim across all three products.
Life insurance
For group life insurance, Aviva paid out £255.8m to 2,144 claimants, with an average payment of £117,663.
Cancer was the primary reason for claiming (38%), followed by heart disease (16%), stroke (3%), suicide (3%), and respiratory conditions (3%).
Over half (54%) of claims were made for insured members aged…
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Source: https://www.covermagazine.co.uk/news/4199728/aviva-pays-gbp413-8m-group-protection-claims-2023