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Bupa reduces income protection rates
31 July 2006
Bupa Individual Protection has announced that income protection rates have been reduced with immediate effect. The specialist individual protection arm of Bupa is reducing its premiums by as much as 30 percent in some cases.
- For a female accountant, non smoker aged 30 and with a retirement age of 60, the monthly premium rate reduces from £50.39 to £35.89 for £250 per month benefit with a deferred period option of three months.*
- For a non smoking, self employed male painter who will be 50 next birthday and retiring at age 65, the monthly premium reduces from £139.93 to £111.60 for a benefit of £250 per month with a twelve month deferred period option.
Commenting on the rate change, Steve Casey, product manager at Bupa Individual Protection said:
"This review is part of our overall strategy in offering value for money products to our customers. The rate reduction is part of an overall plan to enhance our core offering and underline our commitment to this product."
For further details contact Bupa intermediary sales centre on 0800 33 2000 between 8am and 6pm weekdays or visit www.bupa.co.uk/intercom.
* Clients must select a deferred period from when they are first incapacitated to when they can start to receive benefit with a Bupa Income Protection policy. This may be one, three, six or 12 months if the client is in paid work, it will be three months if not. One month after the end of this period the client will start to receive benefit, which will be one month in arrears.
Cover is provided by Bupa Health Assurance Ltd which is authorised and regulated by the Financial Services Authority.
Product details:
- Covers income for 50 percent of salary up to £50,000 per annum earned and 33 percent thereafter.
- Benefit can be paid directly into client’s bank account.
- Cover upgrades available to clients.
- Bupa HealthLine is offered free of charge as part of the Income Protection plan - a confidential health information and support service staffed by a dedicated team of specialist nurses 24 hours a day, 365 days a year. It offers support, guidance and reassurance to assist clients in their decision making and healthcare options.
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