Bupa says it is reducing the rate of critical illness insurance from March 1 2005.
Overall, the cost of accelerated CII with guaranteed premium rates will fall by 5 per cent. Bupa says the reduction follows a growth in business in 2004 by 84 per cent.
Bupa is also announcing Steve Casey is to join its individual protection team. His previous roles have included developing protection products at Swiss Re.
Director os individual protection Steven Payne says: “Guaranteed critical illness remains a key element within Bupa’s range of protection products and we have worked hard to keep this available to IFAs throughout the market upheavals of the last three years.”