The provider has paid out on a total of 573 claims to individuals and families.
It received 384 Coronavirus-related death claims totalling over £6.02m, including non-underwritten life policies. The highest claim value was £800,000. The youngest claimant was 44.
In the last seven months, LV= has also paid out nearly 190 Coronavirus pandemic-related claims to policyholders with short waiting period Personal Sick Pay policies. Payments have so far totalled £64,000.
For personal sick pay policies, the most common claimant occupations were nurse, care assistant, carpenter, hairdresser and builder. The youngest claimant was 21 and the oldest 63, with an average age of 37 years. Claims have been dominated by men (72% male and 28% female).
Debbie Kennedy, director of protection at LV=, said: "The financial and emotional impacts of the coronavirus and lockdown are far reaching, worrying and uncertain. I’m proud of how we're adapting to offer reassurance and support where we can; it’s in times like these that the strengths of mutuality can come to the fore.
“Since the start of the outbreak, we have been reviewing every aspect of what we do - including flexing our underwriting and claims processes and options to best support our members, and to help people get the cover they need in place without delay.”
LV=’s Member Support Fund has also supported 34 members facing financial hardship due to the Coronavirus pandemic.