View more on these topics

CGU cuts term rates


CGU Life has slashed the cost of its level term assurance policies.


The move is aimed at capturing a higher percentage of the keyman business assurance market and family assurance.


It is making cuts of up to 30 per cent, aimed particularly at male non-smokers seeking cover of £100,000 or more, who are looking to cover both their businesses and their families.


The premium reductions are effective for most ages and terms and for both males and females.


The greatest reduction is for a male non-smoker aged 25 seeking £500,000 cover over 20 years. He will now pay a premium of £30 a month instead of the previous £42.50.


The move to cut rates follows CGU&#39s decision to cut the cost of its decreasing term assurance products in early April.

Recommended

The eXchange appoints three directors

The eXchange has announced the appointment of three directors.The three are Chris Croft joins as legal services director, Derick Hill as commercial marketing director and Colin Jones as director general insurance.Croft joins the board from commercial law firm David Arnold Cooper. He had previously acted as an external adviser to the eXchange since 1991. He […]

Pegasus launches new critical illness plan

Pegasus has launched a new critical illness plan the Personal Term Plan.The new plan will offer guaranteed premiums and is one of several steps the company is taking to boost its share of the IFA critical illness market.The life office has increased the range of illnesses across its range of CI plans and has cut […]

Norwich & Peterborough Building Society raises bond interest rates

Norwich & Peterborough Building Society has increased the interest rate on its range of fixed rate bonds.The interest rate on the Society&#39s two year bond is increased by 0.1 per cent gross for both monthly and annual interest to 5.37 per cent gross and 5.5 per cent gross respectively.For investments in the three and five […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment