New claims figures released by specialist protection insurer Scottish Provident have shown that customers are claiming on their critical illness (CI) policies at a younger age.
The average age of claimants is now 42, down from age 44 in June last year.
Cancer, according to the figures, is the most common cause of claim at 55% of all claims, followed by heart attack with 13% of claims and stroke at 5%. Multiple sclerosis and heart surgery account for 4% of all claims.
Women are younger than men when they claim and they usually claim at age 41, two years younger than men at 43.
* Meanwhile, Norwich Union has made a U-turn on its recently announced increased CI insurance premiums by cutting them by up to 19%. The move follows criticism of the insurer’s decision in December to raise the price of many policies by an average of 40%. At the time, the insurer blamed the move on increases in charges from reinsurers, which underwrite the cost of insurers’ CI policies.