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Men reaping benefits of insurance gender directive – women not so much

Women who smoke, in particular, have been hit by the introduction of the directive with premiums between one and 25 per cent higher

WOMEN ARE BEARING the brunt of the gender directive that was introduced in December 2012, while men see their premiums drop 30 per cent in the last five years.

The gender directive states that the sex of a person can no longer be taken into consideration when assessing customers. Analysis conducted by Caledonian Life has revealed that premiums in life and mortgage cover for men are dropping across all age brackets but it has all become more expensive for women.

Women who smoke, in particular, have been hit by the introduction of the directive with premiums between one and 25 per cent higher. Before the directive, a ten year analysis showed decreases across the board – for both men and women. However, men and women are now paying the same price for life cover, meaning an increase for females.

The data shows that even male smokers have seen a decrease of between 20 and 24 per cent in life cover in the last five years. Women in their 30s fare worst in mortgage protection with non-smokers seeing a 25 per cent rise in policy prices.

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Caledonian said this news is “mixed” as it highlights the differences in pricing for men and women over the years and reveals that “males have definitely fared better in recent years with marked reductions”.

Read: Car insurance premiums for female drivers set to soar after December>

Read: Insurance levy on the horizon to help pay for flood repairs>

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36 Comments
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    Mute Ciaran O Connor
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    Dec 10th 2013, 8:54 AM

    Its Mandela’s day. May he rest in peace. And for one day the world is united.

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    Mute FlopFlipU
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    Dec 10th 2013, 8:48 AM

    Would Enda spend 27 years in jail for the rights of the Irish people’s rights

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    Mute Peter McGlynn
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    Dec 10th 2013, 8:53 AM

    If he stayed at home it would be a start.

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    Mute Ryan Ash
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    Dec 10th 2013, 9:56 AM

    There are plenty of other articles to whinge about Enda, Gilmore, the government, the banks and life in general.

    So get off this one!

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    Mute Ryan Ash
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    Dec 10th 2013, 9:57 AM

    May he rest in peace.

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    Mute Hugo Boss
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    Dec 10th 2013, 9:00 AM

    The crowds are probably singing their favorite chant ‘Kill the Boers’ and the foreign dignitaries don’t understand their language…so for them it’s a ‘beautiful chant’.

    http://www.youtube.com/watch?v=fcOXqFQw2hc

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    Mute Niall O'Keeffe
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    Dec 10th 2013, 10:39 AM

    That song is no worse than Irish people continuing to sing Amhrán na bhFiann – the full version of which has lyrics concerning taking up arms against our “Saxon foe”. The fact is that when we sing it nowadays, we are NOT making a call to arms against any oppressor, we are just paying homage to our past and our country’s origins.

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    Mute KarlMarcks
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    Dec 10th 2013, 12:14 PM

    I think the point is, whatever they may sing, they did NOT kill the Boers. Get it?

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    Mute linda o neill
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    Dec 10th 2013, 8:41 AM

    I see Gilmore will be there…Raul Castro will also be contributing an eulogy to Mandela so all the former Stickies should be proud when one of their Commie buddies takes to the stand

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    Mute Paul Staunton
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    Dec 10th 2013, 9:13 AM

    Yawn.

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    Mute Frank Brady
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    Dec 10th 2013, 10:52 AM

    I’m surprised there is a lot of empty seats there

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    Mute Tomas Mac Maghnuis
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    Dec 10th 2013, 9:23 AM

    #madiba

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    Mute Hugo Boss
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    Dec 10th 2013, 8:55 AM
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    Mute Sean O' Connor
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    Dec 10th 2013, 12:03 PM

    Just seen Obamas speech .. in one word…it was epic .

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    Mute Stephen Howard
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    Dec 10th 2013, 11:19 AM

    Do they have no respect people on phones and talking joke

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