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Uinsure cuts premiums for MPPI

28 March 2011
Written by rosalind renshaw

In partnership with Lloyds of London underwriters Jubilee, Uinsure has announced a reduction in premiums for its mortgage payment protection insurance policies. 

Clients purchasing a MPPI policy in conjunction with a new or remortgage loan from April 4 will see an average 15% reduction. Product coverage and commission terms made available to brokers will be unaffected.

Uinsure CEO Simon Taylor said: “Over the last year, as unemployment levels have risen, sales of MPPI have increased significantly.

“This has been driven by financial advisers making their clients aware that having mortgage protection at this time of economic uncertainty can bring welcome peace of mind.

“IFAs can offer a comprehensive protection product with a range of options on an annual contract basis from as little as £3.96 per hundred pounds of cover. 

“We will continue to work with our insurers to provide market-leading products that will allow brokers to develop a significant income stream from general insurance business.”

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