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Axa cuts protection rates

Axa has revised rates for its protection range, cutting 37 per cent of premiums.

The covers affected are level and decreasing life cover and level and decreasing guaranteed life or earlier critical illness cover. The average reduction is 6 per cent.
 
Director of protection marketing Iain Mallon says the new rates are on par with the most competitive in the market.

He says: “As part of our continuous review of our pricing we have brought down the cost of these covers to make sure we remain one of the most competitively priced protection insurers.”

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