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Cover Magazine - Group risk industry pays £57m to bereaved families due to Covid-19

GRiD Between 1 January and 30 June 2020.

Nearly 500 lump sum death benefits paid by employer-sponsored group life insurance policies

Statistics from Group Risk Development (GRiD) show that families of employees with group life benefits have been paid a total of £56,709,154 as a result of the pandemic between 1 January and 30 June this year.

This represents 475 lump sum death benefits claims, plus the capitalised value of seven dependants' pension claims where Covid-19 has been recorded as the primary or secondary cause of death on the death certificate or reported on the claim form, according to GRiD.

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