Brain Cancer Statistics

You pay a monthly or every year prime to an assurance company for a set whole of cover, effectively passing the risk to the assurance company. As long as you pay the premiums you'll continue to be covered, for whatever purpose.

Brain Cancer Statistics

When it comes to protecting Yourself in the form of life assurance, considerable illness cover, permanent health assurance or secret health assurance you of course do need to take the time to do your explore (or pay someone to do it for you) as this form of cover is not the type that you'll usually be shopping nearby for on an every year basis.

For example, once you've applied for and been approved for earnings security cover it's unlikely that you'll change the plan or company that you're insured with in the future as the cover is based on your age and health at the time you apply.

One of the factors that you may not have included in your explore is the actual claims history of the assurance company that you choose. After all, if you put in a claim you'll want to know what your chances of a payout are going to be.

During the last 2-3 years more assurance clubs have been publishing their claims statistics. This is crucial information as it gives you the opening to understand which conditions are being claimed for the most (so you can ensure that your plan covers these conditions and the wording of these conditions is competing when compared to all other providers).

Fortunately, the connection of British Insurers (Abi) publishes a set of definitions for 20 conditions (see below) and registered insurers who cover any of these conditions must comply with, or surpass, the Abi definition.

The 20 conditions:

-Cancer

-Heart attack

-Major organ transplant

-Stroke

-Coronary artery by-pass

-Kidney failure

-Multiple sclerosis

-Aorta graft surgery

-Blindness

-Deafness

-Loss of limbs

-Benign brain tumour

-Coma

-Heart valve change or repair

-Loss of speech

-Motor neurone disease

-Paralysis/paraplegia

-Parkinson's disease

-Terminal illness

-Third degree burns

Many clubs also cover further conditions, including bacterial meningitis and pre-senile dementia.

Skandia, one of the important providers in the considerable illness market, have recently released their claims statistics (covers claims up to 1 February 2007).

They have:

-Paid 1920 claims totalling over £182m

-The average age of claimants is 46

-On average a course is in force for 4.7 years prior to a claim

The most tasteless claims are for:

-Cancer, 59%

-Heart attack, 15%

-Heart surgery, 8%

-Stroke, 7%

The most tasteless forms of cancer claimed for are:

-Breast cancer, £23m

-Lower intestine, £11m

-Malignant melanoma, £9m

-Prostate, £7m

They have paid 88% of claims, with the remainder being declined for the claim either not meeting the definition (10%) or where the applicant did not disclose all the information required at the time of application (2%).

The Financial Tips lowest Line

If you currently have Any form of personal security policy, it makes sense to narrate your plan(s) to ensure the cover you have is competing and convenient for your circumstances. If you don't yet have cover make sure you do approved explore before you buy a policy.