New business growth for Health Shield in 2009
Share
Health Shield increased the number of new employees brought into its corporate cash plans by 63 per cent in 2009, covering 40,300 new staff, compared to 24,600 in 2008.
Health Shield says the number of new company paid group schemes also rose sharply by 145 per cent to 147 for the year.
Releasing its figures for 2009, the provider says business grew by 12 per cent to £20m on an annual premium income basis.
Last year saw it launch two company paid products in 2009 – Essentials and Essentials Plus – alongside a tailored bespoke scheme offering.
Health Shield, a non-profit making friendly society, says it has paid out around 80 per cent of its contributions back to members in the form of benefits.
Jonathan Burton, chief executive at Health Shield says: “Health Shield has continued to demonstrate great resilience and ambition during 2009, in a fiercely competitive market.”
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
