Heart attack, stroke and cancer account for 60% of life insurance claims in the region – Zurich consumer report reveals

Over the last three years, Zurich has paid out more than US$210 million across individual and group life claims.

Key highlights:

• Claims for living benefits surpassed life insurance claims for the first time, amounting to 56% of the total claims, a 6% increase compared to last year, suggesting a growing trend and increasedemphasis on supporting customers during their lifetimes.
• Heart attacks and strokes remain the primary cause of death, accounting for 36% of claims, followed by cancer at 25%.
• Cancer constitutes 80% of cases in women, with ovarian cancer as the second leading cause; while 1 out of 4 men have claimed insurance for cancer, with prostate and stomach cancer among the leading causes.

Dubai, UAE, 22^ndMay 2024 — Zurich International Life, part of Zurich Insurance Group (Zurich), has just revealed their claims payouts, reaching US$210 million across individual and group life claims. Their recent Customer Claims Paid Report 2024 highlights the major causes of life and critical illness claims. This year, individual claims amounted to US$170 million, compared to last year’s US$160 million, necessitating a closer examination of individual lifestyle choices. The rise in claims for life and critical illness cover is primarily attributed to heart disease and cancer, which have alone accounted for 60% of life claims.