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Monday 26 September 2016

Laya puts pressure on rivals as it cuts prices

Charlie Weston Personal Finance Editor

Published 14/12/2015 | 02:30

Laya is reducing prices by up to 10pc on a small number of plans
Laya is reducing prices by up to 10pc on a small number of plans
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The second largest health insurer in Ireland has thrown down the gauntlet to its rivals by cutting prices on some plans and freezing the cost of others for two years.

Laya is reducing prices by up to 10pc on a small number of plans, the Irish Independent has learned. The decision by Laya will put pressure on its rivals, especially after its competitors, the VHI, Aviva and GloHealth, recently announced a number of price rises.

Last year Laya announced a price freeze on plans that cover treatment in public hospitals only, but this is the first time it is to freeze prices for two years on plans covering treatment in private and public hospitals.

The insurer, which has over half a million members, is cutting prices on four plans and freezing prices on another four.

The price freezes will take effect from January and will apply to existing and new customers. Laya also announced price rises on a number of plans this year.

Irish Independent

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