Liberty Life report that during 2014 they paid a total of R3.02 billion in claims. Of this figure, R2,2 billion were death claims, R411 million for disability and R408 million for critical illness and dread disease.
According to Liberty’s statistics by far the biggest cause of death was as a result of motor accidents (52%). Trauma amounted to 9% of all death claims.
Retrenchment was the largest in the loss of income claim category (28%), followed by injuries suffered as a result of motor accidents (13%). Musculoskeletal diseases and disorders amounted to 12% of all claims in this category.
The main cause of critical illness or dread disease claims was Cardiac and Cardiovascular problems (26%). Cancer was 18% of all claims in this category.