The Exeter pay £10.5m in income protection claims in 2021
Leading UK protection and health insurer, The Exeter, has today released its income protection claims data for 2021, showing it paid £10.5 million, an increase of 4% on the £10.1m in 2020.
The Exeter launches ‘Income First’
- Level guaranteed premiums available across all occupation classes
- Increased medical underwriting limits included
- New employer change promise introduced
One third of income protection claims paid by The Exeter in 2020 were for COVID-19
The protection and health insurer paid over £10.1m in new claims in 2020, supporting more than 1,700 of its members. Covid-19 was the single most claimed for condition, accounting for almost £500,000 in benefit payments. Highlighting the long-term value of income protection, The Exeter’s longest single claim started in 1997, paying out £520,000 to date.