In the UK protection market, claims data continues to provide strong reassurance for buyers of life, critical illness and income protection cover. According to recent industry data: insurers paid out over £8 billion in protection claims in 2024, with high acceptance rates reported. (Note: you’ll want to verify latest full figures when published.)
What this means for you:
- A high acceptance rate shows that protection policies, when properly arranged and maintained, do deliver when things go wrong.
- Knowing the claims-paying record gives greater confidence for parents, families and business owners who depend on protection cover for peace of mind.
- It reinforces the message that protection isn’t just “nice to have” — for many households it is a fundamental part of financial resilience.
However, it’s not just about the headline numbers: you should also consider:
What the exclusions are in your policy — e.g., pre-existing conditions, particular occupations or health status.
Whether you have included future lifestyle changes (for example children, mortgage growth, business expansion) so your cover keeps pace.
Whether your policy is appropriately reviewed on a regular basis — inflation, income growth, family changes all influence adequacy of cover.
At Worldin Limited we use the latest data to guide our recommendations, ensuring your cover not only reflects current risks but remains robust to future changes.