Viewing entries tagged with 'life industry'

Life Industry Pays Over $4.4 Billion in Claims in 2012

Posted by Damien Jones on 28 February 2013

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The Risk Store recently released its 2012 industry statistics for retail life insurance claims announcing that the retail Life Insurance industry paid out over $4.4 billion in claims in 2012, an increase of approximately 10% on the previous year.  This amount was paid from a total of over 70,000 claims.  These figures do not take into account additional amounts paid out from superannuation funds which would make the total amount paid out to Australians, much higher. 

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