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INSURANCE CLAIMS (Details) - Schedule of Insurance Claims - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Life insurance and participating investment contracts      
Adjustments for increase (decrease) in insurance, reinsurance and investment contract liabilities £ (993) £ (2,625) £ 1,594
Insurance claims (14,041) (23,997) (3,465)
Insurance claims      
Life insurance and participating investment contracts      
Claims and surrenders (7,670) (8,684) (8,735)
Adjustments for increase (decrease) in insurance, reinsurance and investment contract liabilities (14,198) (23,981) (3,542)
Reinsurers’ share 418 290 404
Receipts from premiums and claims, annuities and other policy benefits (13,780) (23,691) (3,138)
Change in unallocated surplus 57 (19) 8
Insurance claims (14,041) (23,997) (3,465)
Participating investment contracts | Insurance claims      
Life insurance and participating investment contracts      
Change in insurance and participating investment contracts (note 30) (4,590) (12,633) 4,565
Non-participating investment contracts | Insurance claims      
Life insurance and participating investment contracts      
Change in non-participating investment contracts (1,938) (2,664) 628
Deaths | Insurance claims      
Life insurance and participating investment contracts      
Claims and surrenders (694) (674) (721)
Maturities | Insurance claims      
Life insurance and participating investment contracts      
Claims and surrenders (873) (1,122) (1,198)
Surrenders | Insurance claims      
Life insurance and participating investment contracts      
Claims and surrenders (4,641) (5,523) (5,548)
Annuities | Insurance claims      
Life insurance and participating investment contracts      
Claims and surrenders (1,171) (1,104) (1,032)
Other | Insurance claims      
Life insurance and participating investment contracts      
Claims and surrenders (291) (261) (236)
Life insurance and investment contracts | Insurance claims      
Life insurance and participating investment contracts      
Insurance claims (13,723) (23,710) (3,130)
Total non-life insurance claims, net of reinsurance | Insurance claims      
Life insurance and participating investment contracts      
Insurance claims £ (318) £ (287) £ (335)