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AEGON Scottish Equitable reported a rise in income protection claims paid out for stress and depression-related illnesses last year.

Figures published today reveal that claims for such conditions were up 12 per cent on the previous year, which the insurer said could be due to the worry over the economic downturn.

Overall, the company paid out 93 per cent of income protection claims and 91 per cent of critical illness claims in 2008. The seven per cent of claims not paid out were due to non-disclosure.

Helen Morris, claims manager at AEGON Scottish Equitable, said: "We continue to encourage advisers to use all the tools available to them in order to encourage full disclosure at the application stage and to this end we have launched a new understanding claims website."

Earlier this week, influential think-tank the National Institute of Economic and Social Research predicted the economy would not recover until 2012.


The Insurance Helpline specialises in obtaining cover for people living with depression.

This entry was posted on Thursday, April 9th, 2009 at 5:00 pm and is filed under Life Insurance.