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Royal London paid GBP 13.1 million for Covid-19 claims in 2020 helping the families of more than 2,100 customers

According to ICMIF member Royal London, it paid out a total of GBP 13 million for Covid-19 claims in 2020. The majority of the claims (2,110) were death claims with 2,049 paid out on Whole of Life policies and 61 on Term Life policies. One Critical Illness claim was paid due to Covid-19 leading to a period of intensive care with a sum assured of GBP 50,000. Seven Income Protection claims were paid to customers where Covid-19 led to their absence from work, with an annual pay-out totalling GBP 46,000.