Business

Aviva Ireland sees life insurance claims rise to £94.7m

This represents a rise of 9% from the same period the previous year

Aviva Ireland has revealed it has paid out almost €109m (£94.7m) to customers with life protection policies in 2020.

This represents a rise of 9% from the same period last year, when customers received almost €100m (£86.9m).

The company paid out money to 2,585 customers across its death benefit, specified illness and income protection policies last year.

The average age for customers claiming the firm’s income protection policy was 48 years old.

Aviva also reported that psychological issues are now the number one medical reason for claiming at 25% of all claims, surpassing orthopaedic issues for the first time.

Richard Jones, Aviva’s head of Life & Pensions Ireland, said: “Aviva Ireland provides a range of additional benefits to customers paying into an income protection policy with us and we would encourage them to make full use of these, particularly as we have all been impacted to some degree by the outbreak of Covid-19 and the disruption it has had on our lives.

“The benefits are available free of charge to most Aviva Ireland customers who have an income protection, life insurance or specified illness policy with us.”

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