{"id":51312,"date":"2020-07-29T11:27:03","date_gmt":"2020-07-29T01:27:03","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=51312"},"modified":"2025-09-02T11:33:52","modified_gmt":"2025-09-02T01:33:52","slug":"33-million-paid-out-in-life-claims-every-day-new-data","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2020\/07\/29\/33-million-paid-out-in-life-claims-every-day-new-data\/","title":{"rendered":"$33 Million Paid Out in Life Claims Every Day \u2013 New Data"},"content":{"rendered":"

The life insurance industry paid out more than $12 billion to nearly 102,000 Australians during 2019 or almost $33 million to 279 Australians and their families every day of the year, data from the FSC shows.<\/p>\n

A statement from the council says it’s using Life Insurance Awareness week as an opportunity to release data which reveals insights into the health of the nation \u2013 with Wednesday\u2019s theme being \u00a0\u2018data\u2019. \u00a0KPMG, on behalf of the FSC, provides in-depth analysis of the causes of life insurance claims – this data is updated every six months.<\/p>\n

(Also see: Mental Health Tops TPD Claims for Men and Women \u2013 New Data<\/a>).<\/p>\n

FSC senior policy manager for life insurance, Nick Kirwan<\/strong> says that it\u2019s important to remember that behind every data point there is a human, a family, a loved one getting financial support when they need it most.<\/p>\n

\"\"<\/a>
Nick Kirwan…behind every data point there is a human…<\/figcaption><\/figure>\n

\u201cWhen we see the collective data, and especially the many and varied causes of claim and just how often they occur, it reveals the scale of the human tragedies that Australians and their families can, and all too often do, go through.\u201d<\/p>\n

Data insights for the 2019 year shows:<\/p>\n