Insurers paid almost £1m a day to support families of Covid victims at peak of pandemic

Insurers paid almost £1m a day to support families of Covid victims at peak of pandemic

Insurers paid a total of £90m during the height of the Covid-19 crisis to support the families of people who died due to the virus.

Around 7,000 life insurance claims were received between 1 March and 31 May, the Association of British Insurers (ABI) said, equating to around £980,000 of claims being paid out every day.

The ABI said the average payout on term insurance is expected to be £63,000,…

View On WordPress