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|  | Protection specialists LifeSearch has linked up with AXA to trial a life product that is guaranteed to pay out on death. The life insurance product, which is being offered by a pilot group of LifeSearch advisers over the next few months, will guarantee full payment if a claim is made after a two-year period, even if consumers haven’t disclosed important health information... |
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|  | AXA plans to revamp its protection software in order to introduce higher sums assured for its business protection offering. Business protection carries large sums assured because cover is usually in five-year terms. But AXA’s software automatically raises premiums too high when computing large sums assured. For example, if the sum assured was £400,000 the monthly premium... |
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|  | Around 71% of people in the UK have at least one life insurance policy, compared with 45% of people in Italy and 53% in both Germany and Spain, according to Axa. The insurer found that buying a home was the most common trigger leading to people in the UK taking out life cover at 41%, while 11% took out a policy after receiving financial advice. But the research found that just 20% of... |
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|  | AXA has revised its rates on a number of protection products by cutting prices on 41% of premiums with an average reduction of 3%. Products affected include level life cover, decreasing life cover, guaranteed level life or earlier critical illness cover and guaranteed decreasing life or earlier critical illness Iain Mallon at AXA, says: “These new rates for the AXA Protection... |
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|  | It costs an average of nearly £6,000 to die in the UK after the cost of a funeral rose by 10% during the past year. The average cost of a funeral is now £2,390, with cremations, which account for 72% of funerals, costing around £2,160 and burials costing £2,620, according to financial services group AXA Sun Life Direct (ASLD). But the funeral is only the beginning... |
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|  | AXA Insurance Gulf has received its medical licence from the General Authority for Health Services (GAHS) in Abu Dhabi. The licence has been issued in view of the law passed by the GAHS earlier this year, which states that it is mandatory for companies operating in Abu Dhabi to cover their expatriate staff with a national health insurance policy. It is anticipated that this law will... |
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|  | Axa has hit out at rival protection providers for concentrating on the volume of conditions covered by critical illness plans, rather than its relevance to customers. Following the recent changes made by the Association of British Insurers (ABI) to Critical Illness definitions, Iain Mallon, director of protection marketing at Axa, says the insurer has used the opportunity to reviews its CI... |
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|  | AXA have updated their Critical Illness Cover in the AXA Protection Account in light of the ABI's new definitions, and taken the opportunity to revamp the whole offering. Cover now includes Total Mastectomy Cover for carcinoma in-situ of the breast. It now covers 32 critical illnesses, including two new covers: Traumatic Head Injury, mainly caused by road traffic accidents and... |
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|  | Almost quarter of a million retirees resort to cosmetic surgery to look young says AXA UK AXA research has found that the stigma surrounding plastic surgery is vanishing with over 230,000 UK pensioners admitting to cosmetic enhancement by surgery. Retired people are so keen to embrace plastic surgery that one in ten would go under the knife or have botox injections if it meant... |
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