Post Office Insurance has just introduced a new motorbike insurance policy with an introductory offer of one month free cover.
The new motorcycle insurance policy provides several options for the customer, including cover for up to 4 bikes on the same policy or alternatively having GBP500 of accessories cover. Female motorcyclists will be very interested in the Post Office insurance policy since there is a discount offered simply for being female. Saving up to 36 percent is a good incentive to check this out.
More and more insurers are moving into the motorbike insurance market now as the market expands. There are around 1.2 million bikes on the road now, up by well over a third compared with 10 years ago. Post Office Insurance are aiming for a part of this growing market.
A new range of insurance has been introduced by Direct Line catering for the needs of small hotel owners having 12 rooms or less.
The Direct Line insurance cover offers both public and product liability up to GBP2 million as well as loss of income protection up to GBP500,000. Policies can also be tailored to incorporate add ons specific to individual needs, typical examples being loss of licence or personal accident.
A spokesperson from Direct Line commented that this new insurance cover would be perfect for smaller operations, enabling them to enjoy all the benefits offered by an insurance company the size of Direct Line with the tailored fit provided by the policy itself.
The Prudential, the second largest life insurance provider in the UK, has seen the Peoples Bank of China take a one percent stake in the company, worth GBP130 million.
The move puts the Chinese bank into the top 25 of institutional investors in the Prudential, though there is no feeling that the holding is leading up to a takeover bid. The Chinese bank invests in many different businesses and a one percent holding is not uncommon. Speculation came because of the Prudential developing the Asian market though the management at the insurer welcomes the investment.
Such is the activity of the Prudential in Asia that their growth for the first half of the year was 14 percent, a remarkable step forwards.
