VitalityLife reveals 2018 claims statistics

VitalityLife paid out a report £56.3m in claims throughout
2018, with 99.eight% of life, 97.eight% of earnings safety and 91.2% of great
sickness cowl claims paid. 

In whole 1,417 claims had been paid throughout all merchandise.

The safety supplier additionally gave again greater than £81m to
members by a spread of advantages and rewards, similar to discounted well being
screens and health club memberships, and exercise gadgets, coffees and Amazon Prime
membership.

Deepak Jobanputra (pictured), deputy CEO at VitalityLife, stated the report demonstrates how shared worth operates in a life insurance coverage context, and highlights the great cowl, advantages and rewards loved by members.

Emma Walker, LifeSearch’s chief advertising officer,
stated for the business to maneuver ahead claims reviews must be about a lot
greater than percentages, including that “reviews like this from Vitality are a superb
step in the suitable path.”

The report reveals 7% of great sickness cowl claims paid
in 2018 had been for circumstances which can be distinctive to Vitality.

As well as, 85% of life cowl claims had been for members
aged 50 years and over, whereas 76% of great sickness cowl claims and 90% of
earnings safety claims had been for members beneath the age of 50.