Impartial reviews on the latest products and how they can impact consumers.
August 2013 LV=: Term
2) Relevant Life Plan LV=‘s second review this month is of its new Relevant Life Cover plan. Such plans started back in 2008 and in effect give the same tax relief on premiums that members of group pension schemes enjoy, but through an individual policy. The plan is based on LV=‘s standard Flexible Protection Plan and includes its terminal illness cover and guaranteed insurability options. However, the plan must end before age 75 and the policy must be written in trust from the outset (not an issue, as most life cover should be written in trust anyway). There is also…
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August 2013 LV=: CI
LV= Critical Illness Cover CI 1) Critical Illness Cover LV= has relaunched its critical illness (CI) plan, which now covers 59 conditions, up from 48 previously. Eighteen are ABI+ (up from 16), and the number of partial payments has been increased from 7 to 16. Minor heart attacks and strokes are now included. Partial payments pay from 12.5% of the sum assured (for example for severe Crohn’s disease or carcinoma in situ cervix) up to 25% (including coronary artery angioplasty and non-severe cardiomyopathy). Ten conditions have a 12.5% payout, one a 15% payout (accident hospitalisation cover) and five pay 25%.…
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August 2013 Aviva: PMI
GuideWell is Aviva’s new private medical insurance product for large employers. It uses an open referral pathway to manage claims costs and to deliver sustainable and competitive pricing. The plan also promises no shortfalls on hospital charges or specialist fees for employees. After referral by their GP, employees get their treatment directed through Aviva and those with musculoskeletal problems will be managed through Aviva’s BacktoBetter rehabilitation service. Aviva says all appointments will be close to either work or home at one of over 250 hospitals. Appointment will usually be within 20 miles of the given postcode (10 miles in London).…
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August 2013 AXA PPP healthcare: Dental
AXA used to own Denplan, which is now part of Simplyhealth, but has now re-entered the dental benefits space with a company paid dental insurance plan which is administered by NDP (National Dental Plan). The plan offers: • A choice of dentist (and either private or NHS). • No dental checks before joining, which helps make enrolment easy and quick. • Up to £10,000 for mouth cancer treatment and medication. • Pre-existing conditions are covered, with the exception of mouth cancer. • Worldwide cover. • Dental injury and accident cover is included. • Dental helpline, manned by dental nurses. • …
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June 2013 Simplyhealth: PMI
Available to new business from 1 July (quotes from 1 May), this new plan replaces Simplyhealth’s existing Preferential, Accessible and Santé plans and is available to SMEs. The plan includes Core Cover benefits of: Out-patient consultations In full CT, MRI and PET scans In full Physiotherapy In full GP referred treatments In full In-patient and day-patient costs In full Specialists’ fees In full Dental surgery in hospital Usually in full Complications of pregnancy/childbirth In full Parent accommodation In full Private ambulance In full Home nursing In full NHS cash £150 night/day New child payment £150 Cancer cover (optional) Usually in…
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