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One in 14 claim for mental health

4th February, 2019

One in 14 claim for mental health

Income protection provider Holloway Friendly has revealed that mental health continues to figure heavily in claims for absence from work. According to the IP provider, mental health now accounts for 7% of all its claims in 2018.

Figures from 2018 show that the provider paid 98% of claims, a 2% increase on 2017. Holloway Friendly also announced that they paid a full 100% of all claims in the second quarter of 2018, doing much to reassure customers of their reliability.

The most common reason for claiming IP is still accident and injury at 27%, with musculoskeletal (such as back pain) accounting for 24%. The average length of claim for the provider was one year, with its longest claim ever being over 20 years.

Holloway Friendly is now looking at how they can further support the one in 14 who is suffering from mental health. Experts are concerned that the rise in social media, extra pressures, and the increase in working hours, will see further increases in mental health claims in the future.

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