Aviva to pay final £47 million PMI rebate

Last year, the provider paid back £81m to PMI customers due to claims disruption caused during pandemic. The second installment brings the total payment as part of the pledge to £128m, with the final payment including a 20% increase for individual customers, as outlined in Aviva's pledge update last June. The 20% increase will equal around six weeks' worth of the annual premium for individual customers and around five weeks' worth of the annual premium for SME customers. However, large corporate clients will not get a second payment, Aviva noted, as the equivalent value Pledge for ...