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60m returned to NFU Mutual policyholders

NFU Mutual has announced its 2005 mutual bonus scheme which it says will see general insurance policyholders benefit by up to 60m.
The amount of benefit policyholders receive depends on the length of time they have insured with NFU Mutual.
Policyholders on first renewal will receive a 4 per cent discount. This rises by one per cent each renewal up to 9 per cent for fifth and subsequent renewals.
NFU Mutual managing director Ian Geden says: “It enables policyholders to share in the success of the company- rather than as in a plc where the benefits of economic success are channelled to shareholders rather than customers.”

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