Craig Paterson, Chief Underwriter at Royal London, comments on the announcement that insurers paid out £202 million to families of people who died in 2020 due to coronavirus.
For further information please contact:
Meera Khanna, Senior PR Manager
- Email: Meera.Khanna@royallondon.com
- Tel: 02032 725129
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Notes to Editors
Royal London’s claims statistics shows:
- The majority of the claims were death claims. 2,049 claims were paid out on Whole of Life policies and 61 on Term Life policies with a total pay-out of £13 million.
- One Critical Illness claim was paid for Covid-19 leading to a period of intensive care with a sum assured of £50,000.
- Seven Income Protection claims were paid to customers where Covid-19 led to their absence from work, with an annual pay-out totalling £46,000.
About Royal London
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £148 billion, 8.8 million policies in force and 4,412 employees. Figures quoted are as at 31 December 2020.