Life Insurance Claims Statistics
The Australian life insurance claims statistics are simply staggering with insurers paying out millions of dollars in claims.
Generally speaking, most Australian insurers have reported the highest total claim payments were made for life insurance, followed by income protection insurance, TPD insurance, and trauma insurance.
Just think, if these Australians didn't have personal insurance, how would they survive financially?
Life insurance claims from a top insurer for 2011
One of Australia's major insurers, CommInsure, reported a total of $608.1 million paid in life insurance claims.
This statistic shows that on average, CommInsure paid their clients over $69,000 every hour!
|
Policy Type |
Claims Paid |
|
Death |
$256.6 million |
|
Income protection insurance |
$155.3 million |
|
TPD |
$124 million |
|
Trauma |
$72.2 million |
|
TOTAL |
$608.1 million |
Source: CommInsure 2011
Will you need to make a life insurance claim one day?
We never know what life may throw our way, and whether there will come a time that we may need financial help.
Personal insurance claims are designed to offer financial support for you and your family if you become disabled, suffer an illness or accident, or if you pass away.
No one wants to make a claim, but wouldn't it be comforting to know that if you did need to make one, your life insurance policy could help ease the burden?
For a free, no-obligation life insurance quote or policy review, speak to an xLife adviser on 1300 135 205 today.
Exclusive Offer! Call xLife on 1300 135 205 today and
save up to 20% on your first year's life insurance premium.
September 2011
