Average death and disability claim in Australia $132,537

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Actuaries KPMG have released analysis of records from 14 life insurers from 2004-06 and have found the average death and disability claim in Australia is $132,537.

Cancer results in the majority of claims, 81% of claims by females.

The research was requested at by IFSA (The Investment and Financial Services Association Limited) the national body representing retail and wholesale funds management, superannuation and life insurance industries. IFSA has over 135 members who are responsible for investing over $1 trillion on behalf of more than ten million Australians.

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