Norwich Union has announced an increase in its cost of its critical illness health cover in response to rising reinsurance rates.
Norwich Union has announced an increase in its cost of its critical illness (CI) health cover in response to rising reinsurance rates.
Premiums for term assurance with CI are set to increase by 18% while policy premiums for term assurance will rise by an average of 5%.
William Mowatt, director of product development at Norwich Union said: "To enable Norwich Union to continue to offer guaranteed premium critical illness policies we need to adjust the prices.
"We have not increased term assurance premiums for two years and have held these premiums for as long as possible in the current climate."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
