UK Life Insurance News

Wednesday, July 06, 2005

AXA cuts life protection rates

AXA has cut its guaranteed life or earlier critical illness rates, and guaranteed decreasing term assurance rates.

Life or earlier critical illness rates are being reduced by an average of 2-2.5%, while decreasing term assurance rates see an average reduction of around 5%.

Iain Mallon, Head of Protection at AXA, said: "We are committed to keeping our rates competitive in a fast-moving market, and these reductions are designed to help us continue to do that."

posted by UK Insurance Index @ 6:24 PM

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