How Many Claims Were Paid By Cirencester Friendly in 2021?

How Many Claims Were Paid By Cirencester Friendly in 2021?

Individual Income Protection provider Cirencester Friendly paid 94% of all submitted claims. This totalled more than £8 million in 2021.

The mutual has maintained a ten-year average of paying out on 94% of income protection claims.

During the year, a total of 1,324 claim applications were made.

Reasons for claims being declined:

  • unable to provide proof of earnings
  • medical evidence
  • no loss of earnings
  • undisclosed pre-existing conditions at the application stage

Most common reasons for income protection claims:

  • 37% accident or injury, an increase of almost 24% from 2020.
  • 15.5% muscular-skeletal and arthritic
  • 13.6% Covid-19

Other claim categories listed include mental health, cancer, heart, and circulatory complications.

Financial support

David Macgregor, commercial director at Cirencester Friendly explained that the mutual has been publishing “detailed and transparent claim statistics for more than 13 years. We are justifiably proud of our strong record in this area.”

He added: “We hope that by providing informative data, combined with explanations as to why we, unfortunately, cannot pay claims in certain circumstances. It will assist advisers in providing confidence to their clients that Cirencester Friendly is committed to providing the best possible outcomes for their members and supporting advisers.”

Source: Cover Magazine March 2022

For more claims information click here: Cirencester Friendly

If you are interested in arranging protection insurance it really can pay to take expert advice.

Next steps

Whilst you are welcome to get a quote online but we would recommend you talk to one of our advisers.

Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!

An online quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Please feel free to read our Independent client reviews, or read about the team at Future Proof

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