View more on these topics

Healthnow goes for the group PMI market

AIG Europe has designed the healthnow plan for the group budget private medical insurance (PMI) market.

Healthnow is aimed at small to medium-sized companies in the UK with between five and 200 employees.

Premiums start from £7 a month for a male aged 18 and cover is available for a total of 128 procedures that have the longest waiting times on the NHS at the moment. These include operations for cataracts, squints, gall stones, heart bypasses, hernias, varicose veins, slipped discs and hip replacements.

If the client is diagnosed for a condition that is not covered by the list, AIG Europe will give advice about the fastest way to get NHS treatment. The product does not cover any accident or emergency treatment or physiotherapy.

Healthnow is unusual as it limits the cover to the procedures with the longest NHS waiting times. It also has low premiums compared to other group budget PMI plans. Based on a male aged 18 its nearest competitors include Norwich Union’s healthcare trustcare starter, with premiums starting from £10.31 a month and Exeter Friendly Society’s Exeter care low cost plan, with premiums starting from £9.95 a month. However, both of these rival plans cover a much wider range of procedures and treatments than the AIG Europe plan.


Survey reveals reasons for people shunning pensions

Only 10 per cent of adults expect to be able to live on the state pension but 39 per cent have made no additional provision for their retirement, according to research from HSBC.The bank surveyed 1,004 UK adults in August and its research reveals that 63 per cent expect the state pension to be worth […]

Support group offers IFA services at fixed rates

A new support group for IFAs directly authorised by the PIA is being launched, claiming to have lower charges for its services than traditional networks and rival services firms.The Support4group has been set up by IFA Philip Horton who runs Charter-house which left the DBS network to become directly regulated in 1998.Fees are levied on […]

21st Century plan

21st Century Health Plans has introduced the hospital advantageplan, an individual private medical insurance (PMI) plan that aims toprovide affordable cover for hospital treatment.This is a budget plan designed for people facing lengthy hospitalwaiting lists who find that PMI is often expensive. It operates througha public private partnership between 21st Century Health Plans andselected NHS […]

&#39IFAs have an important role&#39

MM: There is a perception in the industry that the Government appears to be listening more these days. Do you think this is the case and if so, why?RK: I certainly approach things with an open mind and I am always keen to talk to the industry to hear what it has to say.MM: You […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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