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Aegon UK is sharing previously unpublished figures on breast cancer claims in 2012, as we enter Breast Cancer Awareness Month.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

IMLA backs FCA roadmap on mortgage rule review

The Intermediary Mortgage Lenders Association (IMLA) has described the Financial Conduct Authority’s (FCA’s) Feedback...

Borrowers moved early as rate cut expectations built, Twenty7tec data shows

Mortgage search activity reached its highest level of the month on 9 December, nine...

AdviceTech ‘giants’ join AdviserSoftware.com AI comparison service

Three of the UK’s most widely used adviser technology systems – Dynamic Planner, FE...

Somo cuts bridging rates after Bank of England move

Somo has moved quickly to cut rates across its bridging range following the Bank...

Bridging finance momentum shows up in Knowledge Bank broker search data

Broker search behaviour on Knowledge Bank suggests bridging finance is playing an increasingly central...

Latest publication

Other news

IMLA backs FCA roadmap on mortgage rule review

The Intermediary Mortgage Lenders Association (IMLA) has described the Financial Conduct Authority’s (FCA’s) Feedback...

Borrowers moved early as rate cut expectations built, Twenty7tec data shows

Mortgage search activity reached its highest level of the month on 9 December, nine...

AdviceTech ‘giants’ join AdviserSoftware.com AI comparison service

Three of the UK’s most widely used adviser technology systems – Dynamic Planner, FE...