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Beating the NHS queues

AIG Europe has designed the healthnow plan for the group budget PMI market. Healthnow is aimed at small to medium-sized UK companies with five to 200 employees.

Premiums start from £7 a month for a male aged 18 with cover available for 128 procedures with the longest waiting times on the NHS. These include operations for cataracts, squints, gall stones, heart bypasses, hernias, varicose veins, slipped discs and hip replacements.

If the client is diagnosed for a condition that is not covered by the list, AIG Europe will give advice about the fastest way to get NHS treatment. The product does not cover any accident or emergency treatment or physiotherapy.

Healthnow is unusual as it limits the cover to the procedures with the longest NHS waiting times. It also has low premiums compared to other group budget PMI plans.

Based on a male aged 18 its nearest competitors include Norwich Union&#39s healthcare trustcare starter with premiums from £10.31 a month and Exeter Friendly Society&#39s Exeter care low-cost plan with premiums from £9.95 a month. However, both rival plans cover a wider range of procedures and treatments.


Revenue policy on windfalls

Windfalls flowing from demutualisation of a life office are paid to the first named of a joint policy.This would appear to place the whole of the gain on that first-named person.However, the Inland Revenue recently published a note about joint policies in Working Together Issue No. 6.My understanding is that the Revenue will accept a […]

Two-thirds of IFAs see compulsion on the way

Nearly three-quarters of IFAs feel the Government could be forced to introduce some form of compulsion to pensions, according to research carried out at Royal & Sun Alliance pensions roadshows.One hundred IFAs were questioned at events in London last month, revealing that 73 per cent of advisers expect the Government will have to go down […]

UCB Home Loans – 2 Year Fixed

Thursday, November 15, 2001.Type: Fixed rate self-certification mortgage.Fixed term: Two years.Fixed rate: 5.65 per cent.Minimum loan: £25,000.Maximum loan: Loans of up to 50 per cent of valuation subject to amaximum of £750,000, 51-70 per cent subject to a maximum of£500,000, 71-80 per cent subject to a maximum of £300,000, 81-85per cent subject to a maximum […]

All quiet on the independence front

So, N2 and the end of the old Financial Services Act regime is almost upon us.Somehow, I do not think we will be remembering where we were on that epoc-hal day like some of us can remember where we were when Kennedy was shot.But it is a significant date for all that and one which […]

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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