• Protection
    • Claims Statistics
    • Critical Illness Insurance
    • Income Protection
    • Life Insurance
    • Mortgage Protection
    • Health & PMI Insurance
  • Insurance
    • Car Insurance
    • Extended Warranties
    • Gadget Insurance
    • Home and Contents Insurance
    • Pet Insurance
  • Finance
    • Banking
    • Credit Cards
    • Mortgages
    • Payday Loans
    • Pensions
    • Regulation
  • Business Insurance
    • Health and Protection Insurance
    • Property and Landlord Insurance
    • Van and Fleet Insurance
  • Investigations
    • Car Clocking
    • Project Parker
    • Seven Families
    • Work Tasks
    • Consumer News
    • Scams
    • Features
  • Press Releases
    • Press Coverage
  • Videos | More +
    • Wall of Shame
    • Reviews
    • Contact The APH Team
    • Write for us
AngryPolicyholders.com
  • Wednesday, 25 April, 2018
AngryPolicyholders.com
  • Protection
    • Claims Statistics
    • Critical Illness Insurance
    • Income Protection
    • Life Insurance
    • Mortgage Protection
    • Health & PMI Insurance
  • Insurance
    • Car Insurance
    • Extended Warranties
    • Gadget Insurance
    • Home and Contents Insurance
    • Pet Insurance
  • Finance
    • Banking
    • Credit Cards
    • Mortgages
    • Payday Loans
    • Pensions
    • Regulation
  • Business Insurance
    • Health and Protection Insurance
    • Property and Landlord Insurance
    • Van and Fleet Insurance
  • Investigations
    • Car Clocking
      Car clocking gang behind multi-million mile clocking scam convicted

      Car clocking gang behind multi-million mile clocking scam convicted

      HPI teams up with LTU to raise awareness of the dangers of car clocking in the passenger transport industry

      HPI teams up with LTU to raise awareness of the dangers of car clocking in the passenger transport industry

      Brexit vote shouldn't stop UK government making mileage correction services illegal

      Brexit vote shouldn't stop UK government making mileage correction services illegal

      Car Clocking Crisis hits passenger transport industry

      Car Clocking Crisis hits passenger transport industry

    • Project Parker
      The APH Team launches Project Parker

      The APH Team launches Project Parker

      Is my driving licence at risk if I'm not licensed correctly?

      Is my driving licence at risk if I'm not licensed correctly?

      Businesses have a 'duty of care' to only hire legal chauffeurs

      Businesses have a 'duty of care' to only hire legal chauffeurs

      The Corporate Manslaughter and Corporate Homicide Act 2007, a prosecution waiting to happen

      The Corporate Manslaughter and Corporate Homicide Act 2007, a prosecution waiting to happen

    • Seven Families
      Knights family are the seventh family to benefit from the Seven Families campaign

      Knights family are the seventh family to benefit from the Seven Families campaign

      Fifth family announced by Seven Families

      Fifth family announced by Seven Families

      Seven Families introduces Paul's and Vicky rehab assistant, Emma

      Seven Families introduces Paul's and Vicky rehab assistant, Emma

      Nikki Thornley, named fourth family to benefit from Seven Families project

      Nikki Thornley, named fourth family to benefit from Seven Families project

    • Work Tasks
      Angry Policyholders 'work task' campaign featured on Rip Off Britain

      Angry Policyholders 'work task' campaign featured on Rip Off Britain

      How ill do you have to be to get an insurance payout?

      How ill do you have to be to get an insurance payout?

      The APH Team supports LV='s move to 100% own occupation

      The APH Team supports LV='s move to 100% own occupation

      How To Dig a Hole on Social Media When Someone Complains, part 1

      How To Dig a Hole on Social Media When Someone Complains, part 1

    • Consumer News
      Brexit vote shouldn't stop UK government making mileage correction services illegal

      Brexit vote shouldn't stop UK government making mileage correction services illegal

      5 million tenants in the UK have no protection in place to pay their rent

      5 million tenants in the UK have no protection in place to pay their rent

      Identity fraudsters target current accounts with the biggest risk to young tenants in London

      Identity fraudsters target current accounts with the biggest risk to young tenants in London

      Police forces across the UK warn the public about courier fraud

      Police forces across the UK warn the public about courier fraud

    • Scams
      Insolvency Service bans fine wines scam director

      Insolvency Service bans fine wines scam director

    • Features
      Lloyd's of London to pay biggest ever personal accident claim

      Lloyd's of London to pay biggest ever personal accident claim

      Momentum gathers to make car clocking illegal in the UK, following undercover investigation

      Momentum gathers to make car clocking illegal in the UK, following undercover investigation

      The Insurance Act 2015: The significant changes to insurance law explained

      The Insurance Act 2015: The significant changes to insurance law explained

      From consumer campaigner to investigative journalist

      From consumer campaigner to investigative journalist

  • Press Releases
    • Press Coverage
  • Videos | More +
    • Wall of Shame
    • Reviews
    • Contact The APH Team
    • Write for us
Cirencester Friendly claim statistics for 2015 published
2015
Home
Protection Insurance
Claim Statistics
2015

Cirencester Friendly claim statistics for 2015 published

Thursday, 5 May, 2016 Chris Hargreaves Chris Hargreaves 2015 0 comments 1548

Must Read

Record protection insurance payouts for 2015, according to the ABI and GRiD
Record protection insurance payouts for 2015, according to the ABI and GRiD
Legal and General paid £542 million in protection claims in 2015
Legal and General paid £542 million in protection claims in 2015
Legal & General paid 96% of Group Protection Claims in 2015
Legal & General paid 96% of Group Protection Claims in 2015

Cirencester Friendly, the mutual Society paid 94% of claims in 2015 and saw premium income increase 5 per cent

 

Mutual insurer, Cirencester Friendly have published their latest claims statistics for 2015, paying a total of £3.2 million in sick pay benefit. During 2015 Cirencester received a total of 787 new claims, of which 97.6% were eligible for consideration. This left 768 claims to be considered and of these 725 (94%) were valid. The three main reasons why claims were refused included failure to disclose proof of earnings, no loss of income or non-disclosure.

The biggest reason for policyholders making a new claim in 2015 was a result of an accident or injury (29%), leading Cirencester to highlight the importance of putting adequate financial safeguards in place to protect against the unexpected. The length of claims throughout the year averaged 327 days, with the average age of male policyholders being 43, whilst female policyholders average age was 45.

Commenting on Cirencester Friendly’s 2015 claims statistics, Paul Hudson, chief executive said: “We are committed to supporting our Members when they need us most and we are thrilled to be able to report another year of very positive claims figures.

“Unfortunately the unfounded fear of claims being declined continues to impact the sale of income protection across the entire insurance industry, which is why we feel a transparent approach to the payment of claims is so important, both for consumer confidence and the negative perception that many intermediaries have of protection products.

“Many providers now publish claims statistics and I would urge advisers to use these figures to dispel customer concerns and emphasise the need for good income protection cover.”

 

Accident/Injury 29.09%
Other 21.61%
Back/Neck/Shoulder/Muscular/Arthritis 14.60%
Hip/Knee 7.71%
Depression Type Illness 7.59%
Abdominal 4.79%
Common Infectious Disease 4.44%
Chest/Lung/Nose/Throat 4.09%
Cancer 3.86%
Heart/Circulatory 2.22%

The above table denotes new claims made in 2015

 

Average Annual Payment £3,531
Highest Annual Payment £38,873
Average Length of Claim 327 Days
Average Age of Male Claimant 43
Average Age of Female Claimant 45

The above table denotes all claims paid in 2015

 

 

Along with publishing their claims statistics, Cirencester Friendly also published their 126th Annual Report. Cirencester experienced total income growth of 5.2% from £16.7m in 2014 to £17.6m in 2015. Premium income rose from £14.9m in 2014 to £15.6m in 2015, an increase of 5.0%, whilst investment income was up 5.7% from £1.7m to £1.8m.

Total income for the year for the mutual was £17.6m, representing an increase of 5.2% on 2014’s figure of £16.7m. Being a mutual organisation which is owned by and run for the benefit of its Members, £4.3m in bonuses was awarded to Members from trading surpluses.

In addition, the 125 Foundation, which will provide financial support to individuals and causes that benefit Members and their communities, was established to mark the 125th anniversary of the Society.

Paul Hudson, said: “I am thrilled that income, assets and membership have all increased in what has been another strong year for Cirencester Friendly.

“This is testament to the hard work and dedication of the Society’s employees, the strong relationships we have with advisers and our commitment to support our Members when they need us most.”

Share this article:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • More
  • Click to email this to a friend (Opens in new window)
  • Click to print (Opens in new window)
  • Tags
  • Cirencester Friendly
  • Claims statistics
  • Protection Insurance
Next article Lloyds Banking Group to update private medical cover to offer gender reassignment to their employees
Previous article Bank of Mum and Dad is big business in the UK
Chris Hargreaves

Chris Hargreaves

Chris is a consumer campaigner specialising in insurance and financial services. Following successful campaigns featured in the national press and media, with appearances on the BBC, Chris can also be found taking on complex investigations as a freelance investigative journalist. Passionate about consumer rights and head of press and PR at Licensed Transport Uncovered you can always find him fighting a cause. You can ignore him, but don't make him ANGRY.

Leave a Reply Cancel reply

Please enter a CAPTCHA value * Time limit is exhausted. Please reload CAPTCHA.

Related Articles

Record protection insurance payouts for 2015, according to the ABI and GRiD 2015
Tuesday, 14 June, 2016

Record protection insurance payouts for 2015, according to the ABI and GRiD

Legal and General paid £542 million in protection claims in 2015 2015
Monday, 23 May, 2016

Legal and General paid £542 million in protection claims in 2015

Legal & General paid 96% of Group Protection Claims in 2015 2015
Wednesday, 11 May, 2016

Legal & General paid 96% of Group Protection Claims in 2015

Scottish Widows publishes 2015 protection claim statistics 2015
Thursday, 5 May, 2016

Scottish Widows publishes 2015 protection claim statistics

Record amount paid out in protection insurance claims during 2015 2015
Saturday, 30 April, 2016

Record amount paid out in protection insurance claims during 2015

Aviva paid £839 million in protection claims to UK families in 2015 2015
Tuesday, 26 April, 2016

Aviva paid £839 million in protection claims to UK families in 2015

Featured in
MoS and MailOnline
The Times logo
Moneywise_logo
FTAdviser logo
AOL logo
NPHA
Complaining Cow
Rip Off Britain
The Chauffeur
The Observer logo
LeanOnUs
Yahoo Finance
Cover Magazine logo
Looking for something specific?
Latest Articles
Why being on a zero hour contract needn’t harm your chances of getting a mortgage

Why being on a zero hour contract needn’t harm your chances of getting a mortgage

Personal Finance
Car clocking gang behind multi-million mile clocking scam convicted Investigations and Campaigns

Car clocking gang behind multi-million mile clocking scam convicted

Lloyd's of London to pay biggest ever personal accident claim Features

Lloyd's of London to pay biggest ever personal accident claim

Insurance - How to get satisfaction Protection Insurance

Insurance - How to get satisfaction

The Consequences of Driving without Insurance Personal Insurance

The Consequences of Driving without Insurance

Lots of insurers & advisers sold ADL’s, but that has now changed

'Chris Hargreaves did more with his onslaught on Scot Prov than we could ever have achieved on ADL's. Own-occupation is the only way forward'

Alan Lakey, CiExpert.co.uk
TV coverage

'Chris Hargreaves has become a people’s champion by taking on the might of the insurance industry. Unless someone else extraordinary comes along, this unassuming man will be my personal finance ‘person of the year’.

Jeff Prestridge: Personal Finance Editor Mail on Sunday
Press Coverage
Mar 31st 8:24 PM
Press Coverage

Protection has evolved, so why aren’t sales surging?

Feb 9th 11:22 PM
Press Coverage

The FTAdviser.com: Protection adviser pledges own occupation only

Oct 22nd 10:36 PM
Press Coverage

CoverMagazine.co.uk: Angry Policyholders supports Seven Families

Mar 16th 10:47 PM
Press Coverage

The Observer: Getting help to fight your insurer can be the best policy

Dec 21st 8:26 PM
Press Coverage

Top 5 mistakes to avoid when buying income protection

Contact The APH Team

AngryPolicyholders.com

The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

Office: 0161 914 6822

Monday - Thursday: 08:00am - 22:00hrs
Friday - Sunday: 10am - 18:00hrs

Subscribe to AngryPolicyholders.com

Enter your email address to subscribe to AngryPolicyholders.com and receive notifications of our latest articles by email.

  • Protection Insurance
  • Personal Insurance
  • Personal Finance
  • Investigations and Campaigns
  • Reviews
  • Back to top

During 2009 our founder, Chris Hargreaves was refused a payout on his income protection claim by Scottish Provident leading to a 2.5 year battle.

Having succesfully overturned his refused claim three times with the Financial Ombudsman Service, Chris and his wife Nicola created angrypolicyholders.com to help others in their hour of need.

Today, Chris and Nicola fight on consumers behalf and raise awareness of the Good, Bad & Ugly of the insurance and financial industry, helping consumers overturn nearly £1 million of refused claims.

If you have a problem or just need some advice please don't hesitate to contact us.

Additional information
  • About Us
  • Contact The APH Team
  • Press Coverage
  • Press Releases
  • Write for Us
  • Support Us
  • Syndication
  • Register
  • Cookie Policy
  • Legal
Website security
© Numquam Desistas Limited 2013 - 2017. All rights reserved.
Powered by Consumers
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.