The company said the withdrawal of the fees will equate to a saving of 1.5% on every regular premium payment made by a policyholder on their credit card. RL 360° said, generally offshore life companies will pass this charge – which it said is levied by credit card companies – onto policyholders.
Natalie Hall, head of marketing at Royal London 360°, said: “LifePlan’s comprehensive range of features means it is one of the most competitive international protection products in the offshore market, and removal of the 1.5% credit card charge per premium only strengthens its proposition to investors.
“This is another example of Royal London 360° continuing to enhance its proposition by consulting its customers and delivering benefits that matter.”
