You probably don't spend too much time thinking about the valuable protection cover you have in place. You take out a plan and then you put it out of your mind - it's one less thing to worry about. Well, that is until you need to make a claim. It's then that you will be glad of the protection plan you have in place.
At Zurich we understand this. And so when it comes to making a claim we make it very easy for you. The total amount of life and serious illness claims Zurich paid in 2018 was almost €70m.
Life cover pays a lump sum to your family or other beneficiaries if you die. It is the simplest form of protection available and it is usually taken out to provide for your family or to pay off your mortgage in the event of death.
In 2018, Zurich paid €45.7 million in death claims with an average payout of approximately €95,500. Of those claims, 38 percent were for people aged 60 or less and cancer and heart related deaths accounted for 62 percent of all death claims in 2018.
Zurich paid out €23.7 million in serious illness claims in 2018. Heart related illnesses accounted for 66 percent of male claims yet for females that number was higher at 81 percent.