What is the average life insurance payout UK?

What is the average life insurance payout UK?

Highlights from the data The average payout on term life insurance policies (individual and group) was £79,304. The average payout was £22,000 on income protection policies. 98% of all claims were paid, virtually unchanged from 2019. £3.4 billion was paid in life insurance claims, up by £349 million year on year. May 14, 2021