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Insurance Companies Cut Group Plan Premiums Including Dental

April 20, 2020
by Investment Executive


Canadian insurance companies are slashing premiums as claims fall, in a bid to help small- and medium-sized businesses grappling with Covid-19.

Canada Life has announced premium reductions of 50% for dental and 20% for vision and extended healthcare benefits, excluding prescription drugs.

At Sun Life Financial Inc., credits against dental and non-drug-related extended health care premiums will be offered in hopes of reducing invoices for Canadian businesses, who are already struggling with low cash flow.

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To view more COVID-19 news as it pertains to the dental profession, please click here. 


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