"We hope advisers can help us in preventing this, by stressing the importance of being as thorough and clear as possible when applying for insurance."
This comes as providers such as Vitality issued claims statistics for 2016, which showed its individual payout rates were at 99 per cent, while group income protection stats for Legal & General showed a payout rate of 97 per cent.
Article continues after advert
simoney.kyriakou@ft.com
Page 2 of 2
