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NU offers new group PMI product

Norwich Union Healthcare has launched a new “superflexible” group private medical insurance product aimed at schemes for between 10 and 49 employees.
The move is an extension to their Solutions product and is described as a modular offering. This means that on top of its core set of benefits, extra benefits can be added and a range of “cost containment” options selected from, with employers able to mix and match options to best fit company structure, needs and current benefits.
NU says the modular approach allows employers to create a proposition to fit their budgets and needs and the product, available from May 1, pays commission of 15 per cent initial and 5 per cent renewal.
Head of product management and pricing Chris Hanks says: “We believe it to be the most comprehensive group PMI product in the market, as traditional products do not have this flexible, modular approach.”

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