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Bupa move to tackle rising premiums and attract IFAs

Bupa is offering a comprehensive health cover product in a bid to tackle

rising premiums and bring more independent advisers into the health

protection market.

The company says its Fixed Price Plus plan offers premiums up to 65 per

cent lower than equivalent insurance schemes.

Bupa is hoping that the lower prices will attract more IFA clients.

The new product features comprehensive medical cover, serious illness

cover up to £20,000 and a fixed price guarantee for five or 10 years.

It also gives access to a high-interest health savings account and a

24-hour healthline staffed by a team of medical professionals.

The product has the same benefits as Bupa&#39s existing BupaCare product

which covers the treatment of acute diseases, illnesses and injuries but

customers can select an annual excess of £1,000 or £2,000 and pay lower


Sales director Steve Flanagan says: “We are able to offer lower premiums

because of the excess options plus taking out some lower cost items. The

lower premiums will attract more consumers to IFAs.”

Medical Insurance Ser-vices managing director Stephen Walker says: “It

seems like an attractive proposi tion. We welcome this kind of innovation.”


Treasury releases mortgage CAT standard guidelines

The Treasury Department released its much anticipated guidelines for Cat standard mortgage products this week. The Cat standard rating is to be extended to some discounted and cashback products. Under the original plans announced in late January, these types of mortgages were excluded.Other rules state that brokers cannot charge customers fees on Cat standard products […]

Boutiques are in style fashion

The trend of big-name managers jumping ship to join either a smallinvestment house or to start their own firms is is now firmly establishedin the UK.The phenomenon of boutiques began in the US about 10 years ago andboutiques now springing up in the UK.In the last couple of years, Japan specialist Ed Merner left Schroder […]

Stars in their prize

Over 1,200 industry representatives gathered for the 10th Money MarketingFinancial Services Awards 2000 at the Grosvenor House Hotel in Park Lane,London last week.The glittering event celebrated the best in IFA and product providerachievement. Hosted by TV personality Jonathan Ross, presenter of the BBC&#39sFilm 2000 programme, the night saw tribute paid to success across manyfinancial services […]

Investment View

Live phone-in programmes, even those on television hold no terrors for me.The Money Channel&#39s consumer phone-in programme last week was nothing newbut it was certainly interesting, not least for the conversation I heldwith Anne McMeehan of Autif in the taxi afterwards.Anne was fresh from having gathered the latest bunch of statistics oninvestment fund sales and, […]


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