WHO’S BEN­E­FIT­TING FROM IN­SUR­ANCE PAY­OUTS?

Derby Telegraph - - YOUR MONEY -

NEWLY pub­lished in­sur­ance in­dus­try fig­ures re­veal that £55 bil­lion was paid out to cus­tomers in 2017 – with hun­dreds of mil­lions of pounds be­ing paid out ev­ery day, typ­i­cally to help peo­ple get their lives back on track and to sup­port them in their re­tire­ment.

The money was paid out by the UK’s gen­eral in­sur­ance and long-term sav­ings com­pa­nies, and in­cludes a record £766.5 mil­lion to help peo­ple with the cost of treat­ing ill or in­jured pets.

Mal­colm Tar­ling, As­so­ci­a­tion of British In­sur­ers (ABI) spokesman, says: “In­sur­ers ex­ist to pro­vide peace of mind, step­ping in to help should the worst hap­pen, as well as help­ing pro­vide long-term fi­nan­cial se­cu­rity for you and your fam­ily.”

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