View more on these topics

Essential plan from L&G

Legal & General has made its healthcare cash plan, essentials cash, available to the IFA market.

Essentials cash is being targeted at the group market as part of employee benefits packages. It gives clients a choice of three levels of cover which can be taken out for a single person or couples with families.

The plan aims to provide employees with cash towards the cost of treatment including optical care, dental care, alternative medicine and hospital stays.

For single people, the monthly premiums range between £11.50 and £23. Family cover is available at between £22 and £37.

Norwich Union&#39s company cash plan is a similar but cheaper product in that monthly premiums start at £10 for the lowest level of cover for a single person. Essentials cash has better benefits for optical and dental care, but company cash plan has greater benefits for hospital stays and maternity.

Like L&G, Norwich Union offers a maximum of £50 towards optical costs, But this represents up to 50 per cent of the total costs under company cash plan whereas it is 100 per cent with essentials cash.

Essentials cash offers £5 per night more towards the costs of a hospital stay compared to the company cash plan, but it will do this for a maximum of 50 nights whereas company cash plan pays out up to 60 mights. Maternity benefit is higher with company cash plan at £200 per child, compared to £150 with essentials cash.

Recommended

10.25% income on NDF bond

NDF Administration is offering an income and growth stockmarket-linked investment bond. The extra income & growth plan 6 will provide a fixed income of 10.25 per cent net a year over three years or 31 per cent net capital growth over the term. Capital will be returned in full at the end of the three […]

Chase Fleming Asset Management cuts charges

Chase Fleming Asset Management is cutting the initial charge on lump sum investments into three of its funds.Lump sum investments of £5,000 or more into the Save & Prosper Premier Equity Growth Fund, the S&P European Growth Fund and the Fleming UK Dynamic Fund will receive a 2 per cent discount on the initial charge […]

Tories promise cheaper private company medical insurance

The Conservatives have promised cheaper private medical insurance to employees and small businesses if elected in the General election expected this spring. Tory shadow health secretary Liam Fox says the party would create a cheaper insurance scheme, which could see premiums fall by as much as 30 per cent, to cover many people who cannot […]

LE author attacks&#39flawed&#39 Catmarks

One of the authors of the controversial London Economics polarisation report has slammed Catmarked products, claiming they are seriously flawed. Economic consultancy Charles River Associates principal Tim Wilsdon, formerly of the now defunct consultancy London Economics, makes his comments in a column in this week&#39s Money Marketing. He says there are three reasons why the […]

What can drive the India story forward?

By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com