Praise for insurers as exclusions spark premium cuts

Zurich last week announced it is cutting premiums on its critical illness (CI) plans where exclusions are applied for cancer or Multiple Sclerosis, saying it is "the right thing to do". It followed recent similar moves by Bupa, Fortis and LV=, while Axa and PruProtect are also mulling dropping premiums where exclusions apply. An industry-wide campaign, led by broker LifeSearch and encouraging provider to cut premiums where exclusions apply, was launched last year. Advisers say some consumers, previously turned off by what they saw as unfair policy costs, may now be encouraged to bu...