07
Mar

Life Insurance Claims Statistics

A large life insurer recently released statistics showing the main conditions that have led to a life insurance policy claim.  The main conditions and the percentages of claims from those conditions are shown below :

  1. Cancer 30%
  2. Cardio-vascular 13%
  3. Accident 6%
  4. Mental Health 1%
  5. All other conditions 50%

Information supplied by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA). CMLA is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Current as at February 2019.