Consumers in the UK are more
likely to insure their mobile phones and pets than their income in
case of ill health, reveals a report by Scottish Widows.
Specifically, the life
insurer found 12% of UK adults have insurance to protect their
income should they be unable to work because of ill health, while
15% insure their pets and 13% their mobile phones.
Go deeper with GlobalData
The lack of critical illness
cover is despite the fact 86% of adults are aware of it, noted
Scottish Widows.
The situation is similar when
it comes to life insurance, of which 97% of adults are aware yet
only 44% have any. When it comes to income protection insurance,
there is an 83% awareness but a take up rate of only 7%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
