$12 million paid in quake insurance claims

4:29 am on 27 May 2011

Life insurance companies say they have paid more than $12 million in claims over deaths resulting of the Christchurch earthquake.

The Investment Savings and Insurance Association, which represents investment and life insurance companies, says its members received and paid out on 63 life insurance claims following the quake.

The average amount of each claim was $200,000.

There were 180 claims for redundancy, 16 for income protection and two for trauma or total permanent disability. Payments for these are expected to total more than $1 million.