Cancer behind most of 2011’s life assurance payouts

Cancer was responsible for almost half of life assurance pay-outs last year, according to new figures, while alcohol played a significant role in a number of accident cases, something Irish Life said was “worrying”.

Information published by the company shows that the disease was behind 44% of life assurance claims in 2011 and was responsible for two-thirds of serious illness claims.

Accidents accounted for just 11% of death claims settled, resulting in a total pay-out of €15 million.