L&G paid out all CCIC leukaemia claims last year

Published on

Legal & General paid out £422,500 in Children’s Critical Illness Cover (CCIC) claims for leukaemia in 2014, it has revealed.

This equates to more than a quarter of the total amount – £1.6 million – paid out in CCIC claims last year. Not a single CCIC claim for leukaemia was declined by the insurer.

It released the statistics to raise awareness of leukaemia in recognition of September’s National Leukaemia Awareness month.

There are up to 400 new diagnoses for acute lymphoblastic leukaemia (the most common form of childhood leukaemia) every year in the UK, in children aged from 0 to 14. More than half of these patients are under the age of 5, so perhaps unsurprisingly the average age of children Legal & General received leukaemia claims for was 6, with the youngest being just 2 years old.

Legal & General’s CCIC product covers the children of Critical Illness Cover policy holders from when they’re 30 days old to their 18th birthday, or 21st birthday if they’re in full-time education. The policy pays cover of 50% of the sum assured, up to a maximum of £25,000. They added additional benefits for CCIC in 2013 to help their customers even more and these include Child Accident Hospitalisation Benefit (£5,000), Child Funeral Benefit (£4,000) and Childcare Benefit (£1,000).

Often child leukaemia cases involve the child being hospitalised for treatment and Legal & General further help claimants in this situation with their Family Accommodation additional benefit which pays £100 per night to families for every night the child is in hospital following their diagnosis (up to a maximum of £1,000), in addition to the sum assured.

Mark Holweger (pictured), managing director of intermediated at Legal & General, said: “Child leukaemia is not uncommon and we understand the distress children’s critical illness cover claims can have on a family. This is why we ensure that our staff on the frontline are specifically trained to deal with such cases, and why we strive to pay as many claims as possible, exemplified by our 2014 claims record for children with leukaemia.

“Our additional benefit payments such as the Family Accommodation Benefit, are designed to further ease the burden families may experience from (in this case) a child being hospitalised for a period of time.”

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

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...

The Leeds reports £104m profit amid robust lending and savings growth

Leeds Building Society has reported a profit before tax of £104.4 million for the...

Annual house price growth picks up as affordability improves

The UK housing market showed renewed resilience in July, with house prices rising by...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...