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's select plan which starts at £6.50 a month for a single person.
The Norwich Union plan's dental and optical benefits are not as good as Healthsure's 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.