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Bupa Individual Protection reduces income protection rates

 

12 October 2009

Bupa Individual Protection is reducing the cost of its award winning income protection cover by an average of ten percent with immediate effect.

The new rates mean that a 35-year-old male non-smoker, on a guaranteed level premium to age 65 with a three month deferred period, will pay £50.79 per month instead of £56.83 (10.6 percent reduction) for a benefit of £2,500 per month.

Commenting on the reductions, Steve Casey, Bupa Individual Protection’s head of product development, said: “We are committed to supporting our intermediary partners and ensuring that our income protection cover remains an affordable five-star option. Given the current economic downturn, when people are worried about whether they even have a job, they need to protect themselves and their incomes now more than ever against the financial impact of ill health.”

Bupa's income protection product has achieved five star rating from Defaqto, a leading independent research company which rates products across the whole market.
 

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