Protection update - Issue 105

Updated CIC sales materials with latest claims data now available

You may recently have seen some of our competitors reporting their CIC claims statistics for 2008. We’re pleased to see that industry wide efforts to reduce non-disclosure are resulting in less claims being denied.

We’re also pleased to be the No.1 CIC provider* when it comes to paying out CIC claims:

• In 2008 we paid 92.8% of CIC claims compared to 88.2% in 2007
• We paid £146 million of CIC claims in 2008, an increase of a third compared to 2007
• We’ve paid nearly half a billion pounds of CIC claims in the last five years alone
• Award winning product - 35 critical illnesses covered (12 more than ABI guidelines)

This continuing positive trend for critical illness payments is a testament to the work that we’ve put in to reducing non-disclosure. In the past few years we have been at the forefront of the ABI changes to the way that all insurers view non-disclosure, with a view to paying out more claims as an industry.

We have produced a pack to support you with your CIC sales (W11435/IFA). The key items in this pack are:

• 5 reasons to choose CIC flyer (Q20707/CIC)
• Claims track record flyer (Q19315)
• Claims data 2008 (W11441)
• Customer adviser guide (not available individually)
• Customer flyer (W11432)

*Swiss Re Term & Health Watch 2008, based on new individual critical illness sales in 2007.

For more information or to get copies please speak to your usual Legal & General contact or take a look at the newly updated CIC microsite.