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NU leads the way on term cover

Norwich Union has broken through the 300,000 barrier to become the UK’s largest writer of regular premium term assurance, according to Swiss Re Life & Health TermWatch.

Its 313,444 polices written last year, up from 246,755 in 2000, give it 20 per cent of the market.

Business from IFAs was up 12 per cent on the previous year to 203,548 policies from 181,795 in 2000. Overall, two thirds of the business came from IFAs.

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