Of course, the money will not bring your health back, but the lump sum will definitely make your life easier.

More and more people suffer from serious conditions such as cancer or heart diseases. However, thanks to the development of medicine and regular tests, these diseases are often diagnosed at an early stage. In the past, people used to die from cancer or heart diseases. Today, they are treated. However, those who recover from their condition are often unable to work again and the recovery can be challenging and expensive.

Critical Illness

Pays the sum insured on a diagnosis of a specified serious illness covered in the policy. With this sum, the insured can be treated at private health care facilities or simply live without worrying about their bills.

Only some forms of cancer, heart attack and stroke are covered by critical illness insurance policies.

Here are some payment statistics based on 2020 data from AVIVA*

Critical Illness claims summary
  • 57.5% of Critical Illness claims were cancer related!
The top four overall claims paid for
1. Cancer
2. Heart attack
3. Stroke
4. Children’s benefit
In 2020, £5,503,368 was paid in child cover claims ** (children up to age 21). The average value of children's benefit paid was £21,331
The most common reasons for critical illness claims (excluding children's benefit and total permanent disability):
  • Cancer
  • Heart Attack
  • Stroke
  • Heart Valve Replacement or Repair
  • Coronary Artery By-Pass Graft
  • Multiple Sclerosis
  • Benign Brain Tumor
  • Cancer
  • Stroke
  • Multiple Sclerosis
  • Heart Attack
  • Coronary Artery Bypass Graft
  • Heart Valve Replacement/Repair

Most common cancer claims by gender
  • Gastrointestinal 17.5%
  • Prostate 15.7%
  • Haematological 11.9%
  • Head and neck 7.2%
  • Skin 6.2%
  • Other 41.5%
  • Breast 54%
  • Gynaecological 9.4%
  • Haematological 6%
  • Gastrointestinal 5.9%
  • Skin 5.4%
  • Other 19.3%

The average payout from critical illness claims was £73,190

Income Protection

It can take time to recover from an illness or serious injury. If incapacity for work results in the loss of income (not all employers offer company sick pay), it could have a negative impact on the financial situation of you and your family. Imagine the situation when your salary no longer covers the family financial needs but your spending unfortunately remain at the same level.

Income Protection protects your income in case of incapacity for work. It guarantees you a tax free monthly income.

Examples of Income Protection claims Statistics based on 2019 data from AVIVA*.
  • 29% of Income Protection payments in 2019 were made due to Musculoskeletal conditions
The top three reasons for Income Protection policy payments**:
1. Musculoskeletal conditions 29.5%
2. Mental health conditions 23.8%
3. Cancer 8.7%
  • Average age when first claimed - 42 years old
  • Average length of an income protection claim is: 6 yrs 11 m
  • Income protection claims paid: 4,403
  • Amount paid out: £44.7m
  • Percentage paid all income protection claims: 87,5 %

  • *source for claims statistics: Individual protection claims report, Summer 2020. https://www.aviva.co.uk/documents/view/pt151062c.pdf
    ** These percentages are based only on new claims (approved and rejected) in 2019