The move takes affect from 15 January. The reduced rates on its accelerated critical illness products will provide a male non-smoker aged 25 years next birthday on a ten-year term with a new monthly cost of £38.56 down from £40.03.
BUPA Income Protection rates have also been reviewed, on average reducing by 7 per cent. An example of the reductions now available are a class 1 male non-smoker aged 49, with a deferred period of 52 weeks and a retirement age of 60, the monthly premium reduces from £32.08 to £26.09.
Steve Casey, product manager at BUPA Individual Protection, said: "We are delighted to bring these reductions to the market and assist Independent Financial Advisers (IFAs) in bridging the protection gap especially in the light of the Payment Protection Insurance (PPI) review and the removal of tax relief from pension term products.
"We are also taking this opportunity to make several changes to our extranet, including an upgrade to allow users of Microsoft Internet Explorer v7 access."
BUPA Individual Protection will also offer a 10 per cent LAUTRO enhancement in commission for business placed electronically with effect from 15 January.
