Employee Benefits Magazine - EXCLUSIVE GRiD claims figures: 80% rise in worker Covid death pay outs - GRiD

By Zoe Wickens 21 February 2022.

The amount of money paid to dependents of employees who died with Covid-19 (Coronavirus) soared in 2021, research has revealed.

Data collected by reinsurer Gen Re showed an 80% increase last year in the value of group life assurance pay-outs involving Covid-19 on a death certificate or claim form.

The figures, sourced from providers on behalf of industry body Group Risk Development (Grid), highlighted that more than £168 million was awarded last year, up from £93 million in 2020.

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