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Cover Magazine - £1.4bn paid out in group risk claims during 2015

A total of £1.4bn was paid out in claims during 2015 - representing more than a 10% increase on 2014 according to industry data compiled by Group Risk Development (GRiD).

There was also an increase in all benefits paid out - group life policies paid out an increase of £130.1m, group income protection policies paid out an increase of £9m and group critical illness policies paid out an increase of £5.9m.

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