Dentists’ Provident, a leading income protection provider for the dental industry, paid out £5.2m to members in 2023, their latest figures show.
Throughout 2023, Dentists’ Provident has continued supporting dental professionals. Their claims report for 2023 released today shows that 99% of new claims received a payment, compared to 99.1% in 2022.
The largest amount paid to an individual claimant was £87,800 and whilst the majority of the claims paid were to those aged 46-55 years-old, the youngest claimant was a 26-year-old dentist.
“In 2023 our claims decreased, mainly due to fewer Covid related claims. In another year of change and challenge for the dental professions, we are pleased to have remained a source of stability and assurance to our members. Our high claim payment rate and low levels of complaints are a testament to the benefits of an integrated approach to underwriting and claims. By following a thorough underwriting process, we seek to minimise issues for our members when they really need us,” says Simon Elliott, Chief Risk Officer of Dentists’ Provident.
The report shows that musculoskeletal disorders (23%), accidents (15%) and psychiatric disorders (13%) continued to remain as some of the most significant reasons for claims.
Farrukh Mirza, CEO at Dentists’ Provident adds: “We take pride in our plans and our service, which gives members confidence they have a dependable income protection plan that works for them.”
As a member-owned and led mutual, Dentists’ Provident’s sole objective for over 110 years has been helping dental professionals achieve financial security during periods of illness or injury. To find out more or read the full ‘2023 Claim statistics’ report visit: https://www.dentistsprovident.co.uk/media/1858/claims-stats-2023.pdf .
