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Pru slashes rates for CIC and life insurance

Prudential is slashing its rates for critical illness cover and life insurance, with the new rates applying to new customers only. Existing customers will pay their current rates.

For example, a 40-year old male non-smoker wanting 100,000 level life cover for 20 years would have had to pay a 17.08 monthly premium. This has been reduced to 12.99.

Prudentials mortgage protection plan, a 40-year old male non-smoker would have paid 11.24 a month, compared to the new rate of 10.19.

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