By an average of 3% with immediate effect
UK-based Bupa Individual Protection has announced that it is reducing the cost of its critical illness cover by an average of 3%, with immediate effect.
The company said that the new rates mean that a 34-year-old male non-smoker, on a level policy with GBP250,000 sum assured over 25 years, with no exclusions, will pay GBP88.40 per month instead of GBP91.19, a 3.1% reduction. A 29-year-old female non-smoker with GBP100,000 sum assured over 35 years on a mortgage policy, will pay GBP29.62 instead of GBP30.46, a reduction of 2.8%.
Steve Casey, product and marketing manager at Bupa Individual Protection, said: We are committed to supporting our intermediary partners and ensuring that our critical illness cover remains an affordable five-star option, especially given these unpredictable economic times when people need to protect themselves now more than ever against the financial impact of ill health.
Bupa is an international health and care company with bases on three continents. Bupa’s original business is health insurance in the UK, both for individuals and corporations that want to look after the health of their employees. More than half of the UK’s top companies are Bupa customers. Bupa’s UK care homes offer specialist care to residents who include the elderly, the mentally ill, young people with physical or learning disabilities and people with conditions such as Parkinson’s and Huntington’s diseases. Bupa Cash Plan provides cash benefits towards a wide range of day to day health care including dental and optical costs and hospital stays.