MetLife UK approved 92% of individual protection claims – a total of 14,036 – in the last 12 months.
The provider revealed the figure of 92% after publishing statistics earlier in January that revealed that payouts in the past 12 months totalled £12.1m, including £434,204 in benefit for 244 claims directly caused by Covid-19.
The claims statistics show that in the past 12 months, the individual protection business paid 7,362 hospitalisation claims – an average of 29 each day. Almost nine out of ten (89%) of hospitalisation claims were for sickness-related admissions.
The figures also show that:
- 3,995 claims for children were paid – an average of 15 per day
- 118 Optional Active Lifestyle benefit claims were paid
- 353 funeral benefit (death by natural causes) claims paid
- 80% of hospital claims were for adults, while 20% were for children
- 6,106 claims for broken bones were paid, of which 59% were for adults and 41% for children
