Is life insurance worth it? There are many types of cover you can get, life insurance seems to be the most popular. AIA one of the larger companies operating in New Zealand paid more than seven hundred million dollars worth of claims in 2023. Most of this was was for covers which are not life insurance.
Surprisingly medical insurance featured as the second largest volume of claims paid after life insurance. Ages fifty to fifty nine seems to be the most expensive age group when its comes to the claims expense by the insurance company.
Cancer was the leading cause of life insurance claims. However musculo skeletal conditions was the leading cause of medical insurance and income protection claims.
