Product category:
Protection
News Release from: BUPA | Subject: Critical Illness cover
Edited by the Insidemoneytalk Editorial
Team on 19 March 2008
BUPA reduces critical illness reviewable
premiums
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)
This article was originally published on Insidemoneytalk on 28 Mar 2007 at 8.00am (UK)
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BUPA Group Risk today launched a new online system that enables intermediaries to generate a quote and purchase cover within 30 minutes - nearly 500 times faster than the industry standard of 10 days.
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.
For further information contact: Suzanne Clarkson, Head of PR.
Tel: 020 7656 2667.
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