You may or nor may not remember, but in the last budget there was another attack on insurance premiums from the Chancellor of the Exchequer. Not as you may wish from the insurers, unfortunately the increase is for all policy holders on the standard rate of Insurance Premium Tax. We first saw it increase from 6% to 9.5% and now it will increase to 10% from the 1st October 2016.
If you are looking to take out a policy now would be a good time to achieve that little extra saving. At MIC we always try and mitigate the increases imposed upon our clients as best we can on policies such as Locum Insurance or your mandatory Surgery Insurance and Medical Indemnity cover.
Get your quote before the price goes up.