Pruprotect has introduced a premium saver option for its protection products that could see customers earning more than their first year's premiums back over five years.
It was introduced alongside a revamping of the Vitality scheme that saw the Plus module price almost halved with more partners introduced. The premium saver scheme is dependent on engagement with the provider's Vitality programme but is free to policyholders. Clients earn discounts each year they maintain the policy for five years, with up to 20% being available for platinum members with index linked products. At the end of each year the saving in placed in a separate account and following the fifth year, the total is shared between years six and seven premiums. The process is t...
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