Canadian life insurers cut premiums for small, medium businesses as claims decline in pandemic [Toronto Globe and Mail (Ontario, Canada)]
Sun Life Financial Inc. (SLF)
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Source: Toronto Globe and Mail
Canadian life insurers cut premiums for small, medium businesses as claims decline in pandemic Canada Life Assurance Co. will announce it is paying back about $35-million in health insurance premiums for its employer-sponsored non-refundable group benefit plans for the month of April. Louie Palu/The Globe and Mail Canada Life Assurance Co. will announce it is paying back about $35-million in health insurance premiums for its employer-sponsored non-refundable group benefit plans for the month of April. Canadian life insurers are cutting millions in group benefit insurance premiums for small- and medium-sized businesses as the number of employee dental and health care claims declines during the COVID-19 pandemic. On Friday, Canada Life Assurance Co. will announce it is paying back about $35-million in health insurance premiums for its employer-sponsored non-refundable group benefit plans for the month of April. (Clients with non-refundable plans pay a flat annual rate that does not c
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