Will the Ruling on Gender Based Pricing Change Insurer's Practises on Income Protection?
The European Court of Justice in Luxembourg chose to ban gender-based pricing on the 1st March 2011. The court made it clear that companies all over Europe which also includes the UK should discontinue the gender based pricing approach. This ruling comes into energy from December 2012. The product categories that the court has explicitly included in its ruling are motor i.e. automobile, medical insurance and pension schemes. This article discusses whether this approach will be extended to income protection insurance.
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Tags: automobile, Children Clothing, Court Of Justice, Europe, Gender Change, Income Insurance, Income Protection Insurance, insurance, Insurer, Internet Business, Luxembourg, medical insurance, Pension Schemes, Product Categories