19th March 2007
Norwich Union premium changes 19th March 2007
Norwich Union premium changes 19th March 2007From 19th March 2007, Norwich Union has changed its rates on Mortgage Life Insurance (without Integrated Critical Illness) and Term Assurance (without Integrated Critical Illness).
The rate change has resulted in a reduction in premiums in certain areas and slight increases in others. Sample premium comparisons are shown in the table below:
| Term Assurance (without Integrated Critical Illness) | Current monthly premium | New monthly premium |
|---|---|---|
| Male, smoker, 40nb, 20 year term, £100,000 | £23.20 | £22.50 |
| Male, non-smoker, 40nb, 20 year term, £100,000 | £12.00 | £12.10 |
| Female, smoker, 40nb, 20 year term, £100,000 | £18.70 | £18.20 |
| Female, non-smoker, 40nb, 20 year term, £100,000 | £9.90 | £9.70 |
| Joint Life, smoker, 40nb, 20 year term, £100,000 | £37.90 | £37.00 |
| Joint Life, non-smoker, 40nb, 20 year term, £100,000 | £18.20 | £18.20 |
| MLI (without Integrated Critical Illness) | Current monthly premium | New monthly premium |
|---|---|---|
| Male, smoker, 40 nb, 20 year term, £100,000 | £17.22 | £15.67 |
| Male, non-smoker, 40nb, 20 year term, £100,000 | £9.69 | £9.07 |
| Female, smoker, 40nb, 20 year term, £100,000 | £14.12 | £12.68 |
| Female, non-smoker, 40nb, 20 year term, £100,000 | £8.66 | £7.63 |
| Joint Life, smoker, 40nb, 20 year term, £100,000 | £25.26 | £24.23 |
| Joint Life, non-smoker, 40nb, 20 year term, £100,000 | £14.23 | £13.30 |
You can get quotes based on our new premiums directly from this site. Alternatively to compare our premiums with others in the market, visit your usual portal.
Existing policyholders and pipeline business will not be affected by these changes.
Transitional Arrangements
Norwich Union pledges to honour pipeline business by providing full transitional arrangements for the products affected by this rate change.
View full transitional arrangements here
If you would like to discuss any of the above in more detail, please contact Norwich Union through your usual point of contact.
WA07118 03/2007
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