Dentists’ Provident paid out £4.9m in claims to members during 2024, according its claims report for 2024.
The report shows the largest amount paid to an individual claimant was £87,880.
The majority of the claims paid were to those aged 46-55 years-old. The average age of claimants was 49, while the youngest claimant was a 27-year-old dentist.
A total of 995 claims were paid, with 874 new claims received over the year.
According to the findings, 97.5% of new claims received a payment.
Musculoskeletal disorders (27%), accidents (14%) and cancers (12%) continued to remain as some of the most significant reasons for claims last year.
The provider received four claims-related complaints, unchanged from last year. Two were referred to the Financial Ombudsman Service, but neither were upheld.
Simon Elliott, chief risk officer at Dentists’ Provident, said: “Our members made significantly fewer claims in 2024.
“In particular, there was a notable reduction in claims for infectious diseases, reflecting the expected return towards historic trend rates. Our high claim payment rate is a testament to the benefits of an integrated approach to underwriting and claims.
“By following a thorough underwriting process, we seek to minimise issues for our members when they really need us.”
Farrukh Mirza, CEO at Dentists’ Provident (pictured), added: “Our continued strength lies in putting our members at the heart of everything we do and doing what is right, not only for our current membership, but also for future generations.
“We make a considerable investment in our plans and our service, to give our members confidence that they have a dependable income protection plan that works for them.”
