IP product boosts growth

Cirencester Friendly has recorded a revenue growth for the fifth year running largely due to the popularity of its income protection product, Income Assured Plus. The provider announced that premium income had increased by 9.3% in 2007, while its total income rose by 11% to £10.6m. Despite the growth, Cirencester saw a drop in the number of claims paid, falling from 91.3% in 2006 to 88.7% in 2007.