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Health & Protection - Insurers pay out record £6.2bn for bereavement, ill health and injury

Insurers paid out £6.2bn in life insurance, income protection, and critical illness claims in 2020, equivalent to £17m a day, according to figures from the Association of British Insurers (ABI) and Group Risk Development (Grid).

This the highest combined figure on record and is up 8% on 2019 and in the group risk sector, it is noteable that useage of ancillary support services almost doubled during 2020.

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