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NU reviews protection rates

Norwich Union is reviewing premium rates on term assurance products with effect from September 19 2005.

The changes to premium rates are as follows:

Term assurance without guaranteed critical illness premiums have been reduced by an average of 0.1 per cent – 25 per cent of premium rates have been reduced, 63 per cent remain unchanged and 12 per cent have been increased.

Term assurance with guaranteed critical illness premiums have been increased by an average of 0.2 per cent 23 per cent of premium rates have been reduced, 60 per cent remain unchanged and 17 per cent have been increased.

Mortgage life insurance without integrated guaranteed critical illness premiums have been reduced by an average of 0.2 per cent – 40 per cent of premium rates
have been reduced, 53 per cent remain unchanged and 7 per cent have been increased.

Mortgage life insurance with integrated guaranteed critical illness premiums have been reduced by an average of 0.1 per cent – 44 per cent of premium rates
have been reduced, 49 per cent remain unchanged and 7 per cent have increased.

Norwich Union last reviewed rates on July 4, 2005.

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