View more on these topics

Norwich Union cash plan targets singles

Norwich Union is aiming its employee only healthcare cash plan at companies who want more affordable benefits for their single employees.

It gives employees the benefits of its existing company cash plan that relate to single people but at half the cost. This plan does not cover partners and children.

The plan has five levels of cover with premiums ranging from £5 a month for the lowest level to £25 a month for the highest. It has a range of benefits including cash towards dental and optical treatment, maternity benefit, day care admission and hospital stays.

The Norwich Union plan has more options tailored towards single people than other plans. It is cheaper than Healthsure&#39s select plan which starts at £6.50 a month for a single person.

The Norwich Union plan&#39s dental and optical benefits are not as good as Healthsure&#39s select plan. Employees taking out the lowest level of cover get up to 50 per cent of the cost of dental treatment up to £55 but Healthsure offers 50 per cent of the cost up to £70.

But the other benefits, such as maternity and in patient benefits are higher under the Norwich Union plan. The Norwich Union plan pays out £200 maternity benefit compared to £175 under the Healthsure plan.

Recommended

BCAM does the splits for income and growth

BC Asset Management (BCAM) has brought in the BC income and growth fund.The fund is a Guernsey-based split capital investment trust that has been aimed at experienced investors who are looking for income and growth.BC income and growth will be split into two halves. Sixty per cent of the trust will be invested in the […]

Close Fund Management first with FTSE4Good fund

Close Fund Management is launching the first fund tracking the new FTSE4Good index of the top 100 socially responsible UK companies. A proportion of the management charge of the new FTSE4Good UK Fund, rising from 10 per cent to 40 per cent of the charges as the fund gets larger, will be donated to Unicef. […]

360 investment firms in default in 2000

The Investors Compensation Scheme, which this month became a subsidiary of the Financial Services Compensation Scheme, declared 360 firms in default in 2000, the second highest annual figure since its inception in 1988.Since 1988 the ICS has paid out £238m to 19,300 consumers. The ICS will eventually be replaced by the FSCS.FSCS chief executive Suzanne […]

A&L in deal to sell L&G products in branches

Alliance & Leicester is linking with Legal & General to allow the life office to sell its long-term savings and investment products through the bank&#39s 309 branches. The move aims to give A&L the flexibility to tie up with other providers if changes to the polarisation regime allow multi-tie arrangements in the future. The deal […]

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