Breast Cancer most common cause for female critical illness claims
6th October, 2015
Two of the protection industry’s biggest providers have released figures that reveal breast cancer alone accounted for four in ten critical illness claims by females in 2014. Aviva and Friends Life have announced that they paid out £62.8m in critical illness policies for breast cancer, making up 44% of all claims. The providers also highlighted that out of all the critical illness claims for breast cancer, there were six cases of a male form of the disease.
Robert Morrison, chief protection underwriter for Aviva said: "Unfortunately one in eight women in the UK will develop breast cancer in their lifetime […] by far the most common cause of critical illness claims amongst our customers”. The figures also revealed that the average pay-out on claims was £72,500. This payment comes at a crucial time and delivers the peace of mind and the breathing space to concentrate on getting better. "Receiving a critical illness payment can mean that people have choices they might not otherwise have”, said Mr Morrison, “whether this means being able to take time off work […] getting help around the house, or helping to pay off the mortgage".
The providers also revealed that claims for breast cancer have increased over the last five years, rising from 22% in 2010 to 23% of all claims in 2014, possibly down to an increase in general public awareness of the disease and its symptoms. Critical Illness for women is a vital part of protection, and with many providers expanding and upgrading the protection service to deliver care and support as well as financial help, now is the opportune time to talk to us about critical illness cover.