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Healthcare 4 Life offers switch on same terms

PMI provider Healthcare 4 Life is offering a deal for corporate clients switching into its four-in-one policies from another provider to keep the same terms they have under their original plan.

This type of business accounts for 50 to 80 per cent of the group PMI market. H4L says it is common for providers to offer the switching option on group plans and it has been under pressure from intermediaries to include it since the plan&#39s launch in May. The advantage to companies switching is they can join H4L without having their policy underwritten again.

H4L&#39s group policy offers the choice of four plans with combinations of inpatient, outpatient, post-hospitalisation and additional benefits such as 24-hour counselling, face-to-face stress counselling, routine eye tests and flexibility to move to a higher benefit plan without further underwriting.

Chief executive Wendy Young says: “The combination of switching terms, no age-related increases and a choice of four plans will place us in a very competitive position with intermediaries.”

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