Impartial reviews on the latest products and how they can impact consumers.
February 2013 PruHealth: PMI
PruHealth has introduced a raft of changes to its existing PMI propositions, centred around benefits that encourage a positive lifestyle. The main changes are: Non-smokers now get up to 15% cashback on individual policies (up to £150 a year on SME or corporate policies), following an annual £15 Vitality Healthcheck, which, among other things, proves that they have not smoked in the previous three months. An integrated end-to-end healthcare and wellness solution for obesity includes weight management and part-paid surgical intervention (minimum 20 member schemes). Lifestyle corrective surgeries. This is for corporates and SMEs, with members co-paying 25%. Assistive at…
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February 2013 Nucleus: Term
Nucleus, the IFA owned and controlled wrap platform, has teamed up with Integrated Protection Solutions (IPS) to offer the latter’s Wealth Protect proposition, initially to 11 member firms only, before it is rolled out to all Nucleus wrap users later this year. Wealth Protect is a daily renewable term policy underwritten by Elips Life, a wholly owned subsidiary of Swiss Re. Customers select a target portfolio value and the difference between that and the value of their platform assets is then the sum insured. Only that sum is insured and so the policy payout can vary daily, as the value…
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February 2013 InterGlobal: iPMI
InterGlobal has introduced a variant of its UltraCare international private medical insurance (iPMI) plan designed specifically for Channel Islands’ residents and businesses. Benefits can include: Medical treatment throughout Europe, with an unlimited selection of hospitals and clinics. All costs of emergency evacuation to another Channel Island, the UK or France if adequate treatment cannot be provided locally. Up to £1,500 for non-emergency treatment on another of the Channel Islands. Full refund of all in-patient and daycare treatment costs, out-patient consultations, treatment and tests, up to plan limits. What is described as ‘generous’ cover for cancer care and maintenance of chronic…
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February 2013 Friends Life: GCI
Friends Life has made a number of significant enhancements to its existing Group Critical Illness Plan including: Ten more definitions have been enhanced over and above the ABI (Association of British Insurers) standard definition. These are for cancer, major organ transplant, multiple sclerosis, Parkinson’s disease and stroke on the Standard Cover plan. On the Comprehensive Cover plan there are new enhanced definitions for aorta graft surgery, blindness, coma, HIV infection and third degree burns. The plan now has 16 ABI+ definitions. Cardiac arrest has been added as a new definition. The maximum age for children’s cover has been increased from…
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February 2013 Cigna: PMI
Cigna has been very busy with product launches recently and has now relaunched its corporate PMI plan as Company Health. This is now one third of its new HealthCare Choices proposition, which includes two new plans: YourHealth. This offers three choices: 1) Diagnostics, 2) Diagnostics and out-patient, and 3) Diagnostics and out-patient/day case. This plan is designed as a valuable reward for employees who do not already have PMI, focusing on only those treatments they are most likely to need. Essential Health. This provides cover for musculoskeletal and mental health conditions only, as these are key drivers of absence and…
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