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Bupa reduces critical illness reviewable premiums
17th March 2008
Bupa Individual Protection is reducing the premium rates for its award winning critical illness plans with immediate effect. For critical illness plans bought alongside a mortgage, the rates have reduced by around 7.3 percent and for stand-alone critical illness cover the reduction is around 5.7 percent.
For example:
- A female non smoker aged 30 next birthday taking out £75,000 of critical illness cover alongside a 30-year mortgage will now pay £17.91 a month (£19.21 previously)
- The same individual taking out stand-alone critical illness cover will now pay £29.94 a month (£31.64 previously)
The plans may be submitted online via Bupa Individual Protection’s recently launched extranet at www.bupa.co.uk/bupaindividualprotection. Intermediaries using this facility have already commended its speed of turnaround at an average 20 minutes from initial decision to final acceptance.
Steve Casey, product and marketing manager at Bupa Individual Protection, said: "We want to make our five star rated products available to as many people as possible. Feedback from intermediaries suggests that an increasing number of people are looking at reviewable premium business as an alternative to guaranteed premiums.”
Bupa Individual Protection’s range of critical illness products was recently awarded five stars from Defaqto, the leading research company.
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