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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