Scottish Provident has changed the premium rates on its death or earlier critical illness benefit with effect from 26 September.
The move saw the majority of rates decreasing while only a small number increased, according to the provider. "This re-price demonstrates our commitment to offering people a great deal on their policies," said Richard Okey, director of Abbey Mortgage and Protection. A week earlier, Norwich Union adjusted its premium rates on term assurance products. Term assurance without guaranteed critical illness premiums were reduced by an average of 0.1% and term assurance with guaranteed critical illness premiums were increased by an average of 0.2%.
