Bupa cuts the cost of life insurance and critical illness cover

03 September 2008 / by Rachael Stiles
For those Brits who think they do not have enough money any more to pay for life insurance as the credit crunch takes its toll on their finances, Bupa has lowered the cost of its life cover, as well as its critical illness protection.

To help people who are having their budgets squeezed by the current rise in the cost of living, the mutual insurance company has endeavoured to make its life, critical illness and combined Bupa life critical illness insurance more affordable, effective immediately.

A 35 year old male, non-smoker, with a mortgage-guaranteed policy covered for a £250,000 sum over 25 years, will now pay 16 per cent less for his life insurance premiums, a drop in cost from £16.73 a month to £13.90.

For a female non-smoker, aged 40, with the same amount of cover, the premiums will fall by an even larger 22.5 per cent, a change in the cost of her premiums from £19.98 to £15.48.

Commenting on the changes, Steve Casey, product and marketing manager at Bupa Individual Protection said: "We aim to assist the intermediary where we can. The changes to our rates mean there has never been a better time to consider Bupa Individual Protection for your clients' protection needs."

The research company Defaqto has recently re-accredited the Bupa Individual Protection range of critical illness products with five stars.

© Fair Investment Company Ltd