Critical Illness payments increase during 2007, says NU
During 2007 Norwich Union (NU) further increased the total number of critical illness payments by 4.7%, from 80% in 2006 to 84.7%. According to the insurer’s latest Critical Illness Claims Report, figures have also revealed a reduction in non-disclosure decline rates to just 3.8%. This follows a series of initiatives over recent months to help drive down non-disclosure.
Norwich Union paid out over £107m to policyholders who claimed on their Critical Illness (CI) policies over the last twelve months - the largest sum the company has ever paid out, the insurer claimed
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