Scottish Provident life insurance is designed to pay a cash lump sum to leave to family or your loved ones or to pay off a mortgage.
Scottish Provident are another protection provider who have been around for a while. They started out back in 1837 and today provide a range of products that includes, Life Assurance, Critical Illness Cover and Income Protection. As with all our insurers we keep a close eye on their payout records, and with this provider that means some quite big numbers. In their Critical Illness claims report which covers the period between 1st January 1996 to 31st December 2012, they paid out over £1 billion in claims for Critical Illness Policies.
Scottish Provident Life Insurance is part of the Royal London Group which has an impressive claim of being the largest mutual insurer in the UK. Within the groups subsidiaries that equates to some more big numbers namely 5.5 million UK customers and £73.5 billion of funds under management.