Claims
We're in business to pay claims

In an industry like ours claims statistics are important. They reassure you that if your clients ever have to make a claim, they’ll be paid. During the last half of 2011 we paid 91% of critical illness claims and 97% of life claims on our Personal and Business Protection Menu products.

We declined 2% of critical illness claims for non-disclosure, which amounted to just 3 people.

Supporting people financially during their time of need is important to us. But what’s most important to them is how they’re treated when they make a claim.

We make it as easy as possible to make a claim because we don’t want your client to have to go through the stress of dealing with unnecessary processes.

We treat people the way we’d like to be treated ourselves. So we give each person their own claims assessor, which means they’ll only have to explain what’s happened to them once. Their claims assessor will keep them up to date with how their claim is going at every stage.

We’ll also give your client a Helping Hand when they claim. Our Helping Hand service gives them support from a qualified healthcare professional who they can talk to at any time. This person can arrange counselling, physiotherapy and oncology nurse support, or a variety of treatments that could help your client or their family deal with the impact of death or illness. Helping Hand comes as part of every menu plan.

Sources: Bright Grey claims paid from 1 July - 31 December 2011


Summary of our recent claims statistics

Life Cover claims paid 97%
Amount of Life Cover claims paid £6.5m
Average Life Cover payout £74k

Critical Illness claims paid 91%
Amount of Critical Illness claims paid £10.2m
Average Critical Illness payout £82k

Income Cover for Sickness claims paid 80%
Amount of Income Cover for Sickness claims paid £40,074
Average Income Cover for Sickness payout £278.25 each month

Age breakdown
Up to 40 15%
41-50 16%
51-60 37%
Over 60 32%

Gender breakdown
Male 70%
Female 30%

Cancer 55%
Heart attack 10%
Stroke 10%
Multiple sclerosis 9%
Benign brain tumour 3%
Coma 2%
Heart valve replacement or repair 2%
Kidney failure 2%
Open heart surgery 2%
Parkinson's disease 2%
Cardiomyopathy 1%
Major organ transplant 1%
Other 1%

Age breakdown
Up to 40 46%
41-50 27%
51-60 20%
Over 60 6%

Gender breakdown
Male 54%
Female 46%

A snapshot of people who've claimed on their critical illness plans
Gender
Age
Occupation
Months plan in force
Amount claimed
Claim reason

Female

23

Shop assistant

11

£144,911

Stroke

Male

27

Storeman

68

£83,628

Heart attack

Female

30

Care assistant

32

£103,423

Multiple sclerosis

Male

32

Councillor

16

£32,577

Parkinson's disease

Female

34

Admin officer

3

£100,000

Ovarian cancer

Male

38

Manager

60

£127,352

Cancer - melanoma

Male

41

HGV driver

14

£34,420

Benign brain tumour

Male

44

Manager

69

£200,000

Stroke

Female

51

Sales assistant

82

£26,897

Breast cancer

Male

57

Painter and decorator

66

£62,260

Pancreatic cancer



Age breakdown
Up to 40 33%
41-50 33%
51-60 33%
Over 60 0%

Gender breakdown
Male 67%
Female 33%

Income Cover for Sickness claims make up less than 5% of our overall claims.

We declined just 3 claims in total. One person was receiving full sick pay from their employer, so wasn’t eligible to claim. Another had been injured in an accident and was declined because his injury didn’t meet the definition of incapacity on their plan. The third was declined for non-disclosure.

Obviously with such small numbers, percentages can appear misleading, so we’ve taken the step of fully disclosing the information about our Income Cover for Sickness claims.



Download 'Our Critical Illness claims statistics' PDF

Download 'Our Life Cover claims statistics' PDF


This experience has taught us that having a protection plan isn’t just about the money. The money is a massive factor, but it’s not the only thing.

Jake Richmond, Bright Grey plan owner


History of our claims statistics

Summary of claims statistics
Life Cover claims paid 96%
Amount of Life Cover claims paid £9.5m
Critical Illness claims paid 90%
Amount of Critical Illness claims paid £8.7m

Download 'Our claims statistics' PDF


Summary of claims statistics
Life Cover claims paid 99%
Amount of Life Cover claims paid £6m
Critical Illness claims paid 90%
Amount of Critical Illness claims paid £6.3m

We didn't publish a sales aid for this period.


Summary of claims statistics
Life Cover claims paid 98%
Amount of Life Cover claims paid £3.63m
Critical Illness claims paid 95%
Amount of Critical Illness claims paid £5m

Download 'Our Critical Illness claims statistics' PDF

Download 'Our Life Cover claims statistics' PDF


Summary of claims statistics
Life Cover claims paid 96%
Amount of Life Cover claims paid £10m
Critical Illness claims paid 93%
Amount of Critical Illness claims paid £11m

Download 'Our Critical Illness claims statistics' PDF

Download 'Our Life Cover claims statistics' PDF


Summary of claims statistics
Life Cover claims paid 91%
Amount of Life Cover claims paid £10m
Critical Illness claims paid 83%
Amount of Critical Illness claims paid £10m

Download 'Our claims statistics' PDF


This is the first time we published our claims statstics. These figures cover the first 5 years of Bright Grey, from launch to March 2008.

Summary of claims statistics
Total amount of claims paid out £14,125,569
Total number of claims 356
Largest claim value £260,000
Average claim value £77,000

Download 'Our claims statistics' PDF


Bright fact

46%

of claims paid were to people under 40


Source:
Bright Grey claims paid over the last 6 months of 2011

Bright fact

98%

of people we contacted used Helping Hand


Source:
RED ARC service analysis over the last 6 months of 2011



Bright Grey. More financial sense from Royal London

We are backed by the financial strength and stability that comes from being part of the Royal London Group, the UK’s largest mutual life and pensions company.

Bright Grey is a division of The Royal London Mutual Insurance Society Limited which is authorised and regulated by the Financial Services Authority No. 117672.
Group registered VAT number 368 5244 27.

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