Breast cancer biggest single cause of Aegon CI claims
- Around 1 in 5 (19%) of Aegon’s critical illness (CI) claims in 2018 were for breast cancer.
- Nearly a third (30%) of Aegon’s CI cancer claims in 2018 were for breast cancer.
- Aegon has paid £61.2 million to more than 750 women diagnosed with breast cancer in the last 10 years
To help raise awareness during Breast Cancer Awareness Month in October, Aegon UK shares figures on its breast cancer claims in 2018.
While cancer made up 62% of all CI claims Aegon received in 2018, breast cancer on its own accounted for 30% of these cancer claims – making it the biggest single cause for a customer to claim on their Aegon CI policy.
Simon Jacobs, Head of Underwriting and Claims Strategy at Aegon UK said:
“For several years now, breast cancer has been the biggest single cause of critical illness claims that we receive at Aegon, and 2018 was no different.
“In the last 10 years, we’ve provided financial support to more than 750 women diagnosed with breast cancer, paying £61.2 million in critical illness claims to help them through their diagnosis and treatment. Fortunately, early detection and better treatment means that survival rates after a diagnosis of breast cancer are improving.”
Jacobs continued: “Financial pay outs help families make ends meet so people can focus on their treatment and recovery, but it’s only one of the benefits to having a critical illness policy. There’s also the need for practical and emotional support, which can often be the more immediate priority. Financial support will help to some degree but the best protection policies provide both a financial and emotional crutch.
“We provide our protection customers with access to Policy Plus, which includes a health and wellbeing service, throughout the lifetime of their policy. There’s a wide range of support available 24/7, 365 days a year, with trained counsellors offering help and support with concerns about health, work-related stress or even family issues such as marital differences or children’s behaviour. Forty per cent of calls to our health and wellbeing service in the past year have been in relation to mental health*.
“It can be a huge weight off someone’s shoulders to be able to share any anxieties they might be feeling following a diagnosis or during treatment of breast cancer or any other critical illness, in complete confidence. Sometimes people just don’t feel comfortable speaking to close family and friends for fear of burdening or worrying them.”
The numbers: Aegon critical illness cancer claims
To find out more, Aegon has produced a factsheet to provide customers with information and support material: Spotlight on breast cancer
*Health Assured, calls from September 2018 – August 2019
Tel: 0131 549 6743
Notes to Editors
As with all investments, the value can fall as well as rise and isn’t guaranteed. Customers could get back less than originally invested.
- In the UK, Aegon offers retirement, workplace savings and protection solutions to over three million customers. Aegon employs around 2000 people in the UK and together with a further 800 people employed by Atos, we serve the needs of our customers. More information: aegon.co.uk
- As an international life insurance, pensions and asset management group based in The Hague, Aegon has businesses in over twenty five markets in the Americas, Europe and Asia. Aegon companies employ over 28,000 people and have millions of customers across the globe. Further information: aegon.com
*Figures correct as of August 2019