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Bupa reduces IP rates

Bupa Individual Protection is reducing the guaranteed rates on its income protection product by more than 10 per cent.

The new rates mean that for a benefit of £2,500 per month a 35-year-old male non-smoker, on a guaranteed level premium to age 65 will pay £50.79 per month instead of £56.83, 10.6 per cent less.

Bupa Individual Protection head of product development Steve Casey says: “We are committed to supporting our intermediary partners and ensuring that our income protection cover remains an affordable five-star option.
“Given the current economic downturn, when people are worried about whether they even have a job, they need to protect themselves and their incomes now more than ever against the financial impact of ill health.”

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