AXA: Brits present 'perfect self' to keep insurance premiums low

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AXA: Brits present 'perfect self' to keep insurance premiums low

As many as 1.5 million people in Britain could face having their insurance claims declined due to misleading their providers, according to new research from AXA.

It found that one in 14 Britons who have taken out insurance have knowingly misled the provider to keep costs low.

More than one in ten women have not been honest about their weight while over one in 20 have not disclosed previous or current feelings of depression.

And men are 25 per cent more likely to understate their alcohol consumption.

Of those who have not disclosed everything to an insurer, 65 per cent are too embarrassed while 17 per cent fear being rejected for cover.

An AXA spokesperson reassured people that insurers are "not looking for reasons not to pay out" but warned that if a provider finds a customer has deliberately withheld relevant information, it may not be obliged to pay a claim.

Other recent research by finance service company The Hartford found that women worry more about retirement than men.

The YouGov poll found 54 per cent of women aged 45 to 54 are "somewhat" or "very" concerned about outliving their money, compared to 45 per cent of men.

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