91% of new income protection claims were paid in 2017.
We paid €37.5 million to over 1,500 claimants in 2017. In addition we also invested almost €200,000 towards rehabilitation and retraining programmes which benefited close to 100 claimants.
The average age of our claimants was 48 years old and 56% of claimants were under 50 at time of claim.
77.5% of people in 2017 were accepted at standard premium rates.
As market leaders in income protection, we are dedicated to helping you promote the benefits of income protection to your clients.
Try our project your income tool to demonstrate to your clients how much income they could potentially lose over their working lifetime if they were unable to work due to long-term illness or injury. It helps to identify how much they need to protect.
Use our risk check calculator to help your clients understand the chances of unforeseen events happening to them.
Claimant insights are based on claims with an initial claim inception date from 1 January 2017 to 31 December 2017.