MetLife have announced they have paid out 3,216 protection claims in the first quarter of 2019 with a total value of £2.411m.
Around two out of five claims paid during the quarter were for customers, or their children, suffering broken bones. MetLife MultiProtect covers a number of eventualities from broken bones and hospitalisation to accidental death and funeral cover.
Total claims for MetLife paid in the first three months rose to 3,216 compared with 2,577 for the same period in 2018, while the value of claims paid increased to £2.411 million from £1.885 million.
Richard Horner, head of individual protection, MetLife UK said: “The record rise in volume and value of claims, shows that MultiProtect is playing an increasingly important role in covering customers for everyday risks and widening the options for advisers.
“The fact that around two-fifths of claims are for broken bones, suffered by customers or their children, highlights how advisers are supporting their clients by offering cover that meets their needs at a time when they need financial help.”
MultiProtect offers cover for between £8 and £40 a month and does not require medical underwriting.