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Aegon UK is sharing previously unpublished figures on breast cancer claims in 2012, as we enter Breast Cancer Awareness Month.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

Bruton Knowles launches land referencing application after six-figure investment

Bruton Knowles has launched a land referencing application designed to reduce the time required...

World Cup, heatwaves and politics cool housing market

Political uncertainty, higher mortgage rates and a summer dominated by holidays, heatwaves and the...

Second charge mortgage lending volumes dip for first time in more than a year

New business volumes in the second charge mortgage market fell by 1% in May,...

Building Societies Association signs Mortgage Industry Mental Health Charter

The Building Societies Association has become the latest organisation to sign the Mortgage Industry...

Sprive urges first-time buyers to plan ahead as Leeds launches 2% deposit mortgage

Sprive has welcomed Leeds Building Society's new 98% loan-to-value mortgage but says borrowers should...

Latest publication

Other news

Bruton Knowles launches land referencing application after six-figure investment

Bruton Knowles has launched a land referencing application designed to reduce the time required...

Why post-contract variation is becoming the mortgage market’s next battleground

For much of the past decade, mortgage technology investment has focused on origination and...

World Cup, heatwaves and politics cool housing market

Political uncertainty, higher mortgage rates and a summer dominated by holidays, heatwaves and the...