AXA insurance rates adjusted

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AXA insurance rates adjusted

A range of insurance products has had its rates revised by AXA, the company has announced.

Level Life Cover, Decreasing Life Cover, Guaranteed Level Life or Earlier Critical Illness Cover and Guaranteed Decreasing Life or Earlier Critical Illness Cover are the AXA insurance products that have been affected.

Some 45 per cent of premiums have faced a price reduction, AXA stated, explaining that the cost of these decreased by an average of 1.5 per cent.

Iain Mallon, director of protection marketing at AXA, commented: "We are committed to ensuring that the AXA Protection Account combines competitive rates with quality covers.

"This is demonstrated by the five-star ratings awarded by Defaqto, for Level Term with Critical Illness and Decreasing Term with Critical Illness covers."

He added that AXA is seeking to provide "a truly market-leading proposition" with its products.

AXA's roots date back to the 18th century.

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