View more on these topics

Groupama gets wise with cashwise

Groupama Insurances has brought out a healthcare cash plan for individuals and smaller and medium-sized companies that are looking for a cheaper alternative to private medical insurance (PMI).

Cashwise has three levels of cover and provides cash benefits for routine healthcare expenses. Monthly premiums range from £9.80 to £20.30 for single cover and from £17.50 to £36 for family cover. Children under 18 are covered free, but benefits are reduced compared with the adult rate.

Members get 100 per cent of dental costs a year up to a maximum of between £65 and £125, depending on the level of cover taken. The child rates are applied on the same basis up to a maximum of between £40 and £80.

They also get 100 per cent of optical costs up to a maximum of between £70 and £165 for adults and between £40 and £115 for children during each 24-month period.

Other benefits include between £20 and £40 a night up to a maximum of 50 nights for inpatient hospital admission and the same amount for maternity inpatient hospital admission after seven consecutive nights.

Health Shield&#39s options is a similar cash plan that has six levels of cover. Premiums range from around £6 a month to £39 a month and unlike the Groupama plan, it does not reduce benefits for children.

Comparing other benefits between the plans, Health Shield’s premiums start at a lower rate and this means its level one and two benefits are limited compared with level one and level two of the Groupama product. However, Health Shield pays 100 per cent of the cost of specialist consultations and treatments such as acupuncture, whereas the Groupama product refunds 50 per cent of costs.

Recommended

Chelsea Building Society – Guaranteed Bond (Issue 4)

Friday, 1 November 2002 Type: High interest account Minimum-maximum investment: £2,500-£500,000 Interest rates: 4.25 per cent gross a year Term: Until May 6, 2004 Offer period: Until further notice Withdrawal penalties: 75 days&#39 loss of interest Tel: 0800 429429

Britannic helps clients unmask mortgage horror

To mark Halloween, lender Britannic Money is urging borrowers to take steps to avoid some of the horror stories associated with mortgages.It says people face a trick or treat dilemma with mortgages as there are a frighteningly high number of deals available so choosing the right one can be difficult.Britannic has listed six questions that […]

Pima wants lifetime account to come under stake suite

A lifetime savings account operating on Isa rules should be included in Sandler&#39s new suite of stakeholder products, according to the Pep & Isa Managers&#39 Association.In its pre-Budget submission to the Treasury, Pima is calling on the Government to take a number of steps to reinforce the strength of Isas as a savings vehicle, including […]

Brewin admits it gave &#39wrong advice&#39 on split-caps

Stockbroker Brewin Dolphin has admitted to the Treasury select committee split-cap inquiry that it gave the wrong advice but only because it relied on information in split-cap prospectuses.Brewin chief executive John Hall admitted the firm had received 600 complaints from split-cap victims and had already paid out some compensation.Of the 10 split-capital trusts that the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment