INSURANCE
IN ACTION
UK insurance providers pay out almost £7 billion in protection claims (2022)
According to the Association of British Insurers (ABI), UK insurers paid more than 300,000 protection claims in 2022 with an incredible 98% of all claims paid. This impressive figure has been consistent over the last 5 years. These payments covered individual life policies, income protection, critical illness, whole life and group plans. Of the tiny 2% of claims that were not paid, over half were for non disclosure (not disclosing known key medical information likely to effect available cover), the remaining not meeting the policy definition.
Almost £4.64 billion was for individual life insurance, income protection and critical illness claims, with another £2.21 billion for group policies, typically through an employer.
CHOICE
In addition to the providers highlighted, Optima Health & Life have access to a comprehensive panel of reputable UK insurers most of which are 5* Defaqto rated.
We are whole market advisers for life insurance, critical illness, income protections and healthcare solutions for both businesses and individuals.
TRUST
Optima Health & Life are a trading style of Match Mortgages Ltd, who are authorised and regulated by the Financial Conduct Authority (FCA) under number 983246. The FCA regulate the conduct of nearly 50,000 firms in the UK to ensure that UK financial markets are honest, competitive and fair.
ADVICE
We offer advice on personal and business risk solutions providing protection for you, your family or business should life take an unwelcome turn, including support in the event of a claim.
We are the agent of the client; we represent your interests. Our regulated advice and recommendations are based on your needs and objectives and provided to you in writing.
