CityPress - - Business - Source: Lib­erty 2013 claim statis­tics

Car ac­ci­dents:

The most claims paid out to pol­i­cy­hold­ers un­der the age of 35 were for loss of in­come (46.6% of claims), of which mus­cu­loskele­tal in­jury, usu­ally a re­sult of a car ac­ci­dent, was the ma­jor cause. At least 45% of claims as a re­sult of death for un­der 35s re­sulted from car ac­ci­dents.


Nearly 26% of claims paid by Lib­erty to younger pol­i­cy­hold­ers were for life­style pro­tec­tion (crit­i­cal ill­ness), of which 40% were can­cer re­lated. Lib­erty found that skin can­cer was more dom­i­nant among younger pol­i­cy­hold­ers, pos­si­bly due to over­ex­po­sure to the sun dur­ing sport and train­ing.

At least 25% of claims for life­style pro­tec­tion were for car­dio­vas­cu­lar ill­ness, re­spon­si­ble for 14.3% of death claims for peo­ple un­der the age of 35. The in­ci­dence of car­dio­vas­cu­lar ill­ness for life­style pro­tec­tion was dou­ble for smok­ers.


Nearly 12% of loss of in­come pro­tec­tion pay­ments were due to re­trench­ment.


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