Holloway Friendly launches income protection plan discounts

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 cases unless there are other significant underwriting factors to consider and will be offered th...