2013 - €168.8 Million in Claims Paid to Customers
Specified Illness Claims (SIC)
- In 2013, Irish Life and Canada Life paid out over €56.4 million in specified illness cover.
- The main causes of claims were Malignant Cancer – excluding less advanced cases 58%, and heart-related conditions 22%.
Death Claims
- In 2013, Irish Life and Canada Life paid out more than €112.4 million.
- The average claim payment was €65,560 per claim.
- The average age of adult claims was 63.
- Cancer was the biggest cause of claims, accounting for 44%.
