New data released today by the Financial Services Council shows that the life insurance industry (including trauma, income loss and accidental death insurance) is continuing to support Kiwis when they need it most.
The FSC’s Spotlight on Insurance 2020 found that for the year ended 31 March 2020 the industry paid out $1.49 billion in claims, or just over $4 million a day.
“This is a $200 million increase from the previous year and shows that our members are there more than ever before for New Zealanders in their time of need”, said Richard Klipin, Chief Executive Officer of the Financial Services Council.
Read the media release.
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