4 June 1999

NFU Mutual offers insurance savings

CUSTOMERS who insure with NFU Mutual will have their insurance premium tax paid by the company, an estimated saving of £18m a year.

The move is designed to help farmers in the grip of a severe income crisis, says a company spokesman. Existing and new policyholders, except new private car customers, will benefit from the scheme which starts on July 1, 1999, the date when the tax rises from 4% to 5%.

"We have not specified how long this will last. But it will certainly be for a year, and we hope a lot longer."

A typical customer could save £100-£150 a year, says the firm. &#42