10% or 20% premium discounts to Short Term Income Protection and Purely Income Protection Plans where there are exclusions
Previously Holloway Friendly would charge full premium for its Short Term Income Protection and Purely Income Protection plans even if an exclusion was applied for a specific medical condition. However, as of today, the mutual will be applying discounts for permanent exclusions for mental illness and/or spinal conditions. If one exclusion is applied there is a 10% discount on premium and if there are two exclusions applied there is a discount of 20%. The premium reduction will apply in all...
Group life, critical illness and income protection business bought from Munich Re
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