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Axa withdraws ASU cover from its protection account

Axa is withdrawing its accident, sickness and unemployment offering to new customers as part of its Axa Protection Account from today.

An email sent to advisers from Axa said demand for ASU and household cover is too low through this channel for the provider to continue offering it in this way.

While existing customers will be unaffected by the change, its unemployment offering is closed to new business from today.

An Axa spokeswoman says: “Existing customers are not affected though as their cover will continue as normal. We remain fully committed to the ASU market and as such will continue to offer the cover through our corporate partners.”

Axa Insurance will continue to offer household cover through its other distribution channels.

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