INSURANCE PAYOUTS HIGHLIGHTS CANCER RISK

Cancer and heart conditions receive the highest payout from Liberty claims portfolio.
These two dreaded diseases accounted for most of the R4.6 billion in claims paid out by Liberty last year.
The statistics which were released last week showed that cancer accounted for 16% of all claims for millennials. 21% for what Liberty terms young parents, 26% for ‘established providers’.
The top three cancers were Breast cancer, Prostate cancer, and Colon cancer.
Liberty Head of RiskProduct development said that strokes or central nervous system disorders also contributed to the total claims paid out last year.
Cancer remains the leading cause for claims at 24.3% followed by Cardiac and Cardiovascular conditions at 19.8% of all claims paid in 2017.

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