Aegon publishes breast cancer CI stats

Published on

Aegon

Aegon UK is sharing previously unpublished figures on breast cancer claims in 2012, as we enter Breast Cancer Awareness Month.

While cancer as a whole made up 60% of all critical illness claims Aegon received in 2012, breast cancer on its own accounted for 23% of these claims – the biggest single cause of critical illness claims that year.

Simon Jacobs, head of underwriting and claims strategy at Aegon UK, said: “These figures combined with the 21 per cent of claims for breast cancer in 2011 demonstrate how important breast cancer awareness is. The good news is that the recent figures released by the Office of National Statistics revealed that women diagnosed with breast cancer are surviving longer.”

In addition, Aegon paid out almost £5.5million in breast cancer critical illness claims in 2012, with an average pay out of £67,500. The average age at claim was 46 years old, with the youngest being only 35 years old.

Breast cancer accounted for 5% of life claims paid in 2012.

Jacobs added: “Early detection and better treatment means that survival rates after a diagnosis of breast cancer are improving. This is clearly reflected in the claims for breast cancer and also creates a stronger case around the importance of critical illness cover.

“Treatment of breast cancer often involves surgery, chemotherapy, hormone therapy or all three. It’s a difficult time for sufferers and their families and with this in mind we make the claims process as simple and quick as possible.”

Jacobs said: “We offer a tele claims process where customers are given a dedicated claims assessor who will complete the claim form for them over the phone and progress the claim. We usually pay the claim within six to seven weeks and we’re continually looking for ways to reduce this further.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Momenti Group expands Mortgage Minds support for brokers

Momenti Group has added group mentoring and one-to-one strategic sessions to its Mortgage Minds...

Vida introduces part-and-part mortgage option for residential borrowers

Vida Homeloans has launched a part-and-part repayment option across most of its residential mortgage...

Empty homes risk losing standard insurance cover after 60 days

Thousands of owners may be unaware that their empty properties are no longer fully...

Mortgage Brain training programme gains LIBF accreditation

Mortgage Brain has secured continuing professional development accreditation from LIBF for its adviser training...

JammJar adds iPipeline protection sourcing to mortgage platform

JammJar has integrated iPipeline's protection sourcing technology into its artificial intelligence-powered operating system for...

Latest publication

Other news

Momenti Group expands Mortgage Minds support for brokers

Momenti Group has added group mentoring and one-to-one strategic sessions to its Mortgage Minds...

Vida introduces part-and-part mortgage option for residential borrowers

Vida Homeloans has launched a part-and-part repayment option across most of its residential mortgage...

Empty homes risk losing standard insurance cover after 60 days

Thousands of owners may be unaware that their empty properties are no longer fully...