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Cancer tops critical illness claims
30 October 2006
More women receive payouts for cancer on their critical illness policies than men, new data from Bupa Individual Protection reveals.
The claim statistics show that just under half of all male claims for critical illness are related to cancer, while for women it’s nearly seven out of ten. After cancer the next overall illness claimed for is heart attack (13 percent), followed by stroke and heart valve replacement (both seven percent), then brain tumour and total and permanent disability (both five percent).
The average payout per claim is nearly £79,000 while the largest payout by Bupa Individual Protection to date has been £750,000.
Recent payouts include a 43-year-old man left disabled after a motorcycle accident who received £250,000 and a 34-year-old woman who developed cervical cancer and received £120,000. Other people who have received payouts include a 46-year-old man with Parkinson’s disease who received £500,000 and a 40-year-old woman with breast cancer who got £33,000.
Bupa Individual Protection product manager Steve Casey said: “Many people are not aware just what we pay out for on critical illness policies or how high the amount can be. We pay out on all sorts of conditions including insulin dependent diabetes, multiple sclerosis and heart attacks.
“Releasing details of paid out claim statistics helps raise awareness of the benefits of critical illness cover and helps intermediaries outline the advantages of these products to their customers.”
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