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Defaqto gives credence to PruHealth model

Defaqto has revealed that private medical insurance following the PruHealth approach can result in premiums up to 44 per cent cheaper than the competition.

The research company says when it compared the first year premiums of five key PMI providers – PruHealth, Axa PPP, Norwich Union, Bupa and Standard Life – first year premiums can vary by up to £500 a year.

PruHealth commissioned the report to mark its two year anniversary. It found that a woman in her twenties who actively manages her health could save up to £315 per year with PruHealth with monthly payments of just £42.45.

This is compared to premiums for equivalent products of £68.76 with Axa PPP, £62.36 with Standard, £55.54 with NU and £52.92 with Bupa.

PruHealth chief executive Shaun Matisonn says: “PruHealth offers a healthy lifestyle discount of up to 30 per cent off the first year’s premium for new members. Beyond year one, PruHealth has a reward system called Vitality which allows its members to earn points for looking after their health.

“This means that the most active policyholders could get up to 100 per cent of their year one premium back towards year two if they do not claim. This system is unique to PruHealth in the UK and is based on the highly successful Discovery model in South Africa.

“This ‘prevention rather than cure’ method is proven to help people change their lifestyles for the better – as well as providing them with the peace of mind of a ‘traditional’ health insurance policy should they need it.”


Redwood says revenge is riding roughshod over regulation

Former Cabinet minister John Redwood says “wrongful and vengeful Government policies” are overriding regulationSpeaking at his economic competitiveness group fringe event, Redwood said Chan- cellor Gordon Brown’s raid on pension funds shows that sensible Government policy rather than overbearing regulation is required to govern the industry and ensure consumer protection. Redwood said the decline in […]

Bid to calm investors after rollercoaster ride for Misys

Misys chairman Sir Dominic Cadbury has moved to reassure investors after a turbulent week that saw chief executive Kevin Lomax resign and over 200m wiped off the value of the stock. Cadbury, who is acting as interim chief executive while a replacement is found, told the firm’s AGM last week that it was business as […]

The easy option

Many years ago, a good friend of mine became very seriously ill and had to take time off work. His employer’s sick scheme was a decent one but months ticked away and it became obvious that although his illness was not life-threatening, it would be impossible for my friend to return to work in the near future, perhaps for years.

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]


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