The average critical illness claim paid by Bupa Individual Protection during 2008 was £93,000 according to the latest figures released today.
Cancer continues to top the list, accounting for nearly three-quarters of claims by women and half of claims by men. Indeed, this mirrors the findings of Bupa's most recent 'Health of the Nation' survey in which cancer remains the nation's biggest health concern. Other common claims were for heart attacks, strokes and multiple sclerosis.
The latest statistics also highlight the importance of cover for children, one of the built-in critical illness benefits available from Bupa at no additional cost. Last year, Bupa saw three percent of claims for children for conditions such as heart valve replacement and leukaemia.
The average period between taking out a Bupa policy and a claim being made is 31 months. Of those critical illness claims received by the company in 2008, less than two percent were declined due to non-disclosure while 12 percent were declined for not meeting the accepted definition.
Steve Casey, product and marketing manager at Bupa Individual Protection, said:These figures not only highlight the comprehensive nature of our proposition but also the importance of our built-in free child cover benefit. Knowing that your critical illness policy will pay out if your child falls ill, is a huge reassurance to people and shows the depth and extent of the coverage of our critical illness policy.
Bupa was the first company to introduce reduced premiums for
excluded conditions. Our range of critical illness and income
protection products have recently achieved five star ratings
following a recent re-accreditation from Defaqto, a leading
independent research company which rates products across the whole
market.
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Bupa's purpose is to help people lead longer, healthier, happier lives. A leading international healthcare group, we offer personal and company health insurance, run care homes for older people and hospitals, and provide workplace health services, health assessments and chronic disease management services, including health coaching, and home healthcare.
With no shareholders, we invest our profits to provide more and better healthcare, and fulfill our purpose. We are committed to making quality, patient-centred, affordable healthcare more accessible in the areas of wellness, chronic disease management and ageing.
Employing more than 52,000 people, Bupa has operations around the world, principally in the UK, Australia, Spain, New Zealand and the USA, as well as Hong Kong, Thailand, Saudi Arabia, India, China and across Latin America.
For more information, visit www.bupa.com.
