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Health & Protection - Group life pays out on 891 Covid deaths

Almost 900 dependants received pay-outs following Covid-related deaths of workers covered by group life in the period to the end of 2020, says Group Risk Development.

Pay outs to this group of 891 sets of dependents totalled over £93m, representing 884 lump sum death benefit 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 the ONS, there were 7,961 deaths of working age people that were attributable to Covid-19 registered between 9 March and 28 December 2020, which means the group risk industry supported around 11 per cent – one in nine – of these grieving families.

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