View more on these topics

SecureHealth keeps options open

SecureHealth has teamed up with Legal & General to offer options, a private medical insurance (PMI) plan that can be tailored to the needs of different age groups.

Options plan individual offers cover for single people, couples and families. It has six options, which can be bolted together if an upgrade is needed. Cover can also be downgraded if circumstances change.

Option one refers to basic in-patient and day-care cover, which includes hospital accommodation charges, tests, radiotherapy, chemotherapy, operating theatre fees and the cost of medicines used in hospital. Option two provides outpatient cover for specialist consultations and diagnostic procedures up to £1,000 while option three provides full cover for this.

Option four covers therapy treatment up to £1,000 while option five covers psychiatric treatment, but it is only available alongside options two and three. Option six provides additional benefits including childbirth complications, NHS cash benefits and parent accommodation charges.

Premiums range from £13.64 to £128.20 a month depending on a person&#39s age and the type of cover they require. The policy carries a compulsory excess of £100 with the choice of paying a higher excess to reduce premiums.

Some PMI plans charge double the excess if, for example, a claim begins in November and ends the following February because it falls between two policy years. The SecureHealth plan solves this problem by resetting the policy year whenever a claim is made. So a claim starting in November would mean the policy year would end the following November.

Options compares favourably with the recent hospital advantage plan from 21st Century Health Plans in that people can build up their cover in stages instead of taking all the benefits at once. But the 21st Century Health Plan offers more competitive premiums where the full range is required.

A 35-year-old with single cover would pay £48.26 with SecureHealth and £23.14 a month with 21st Century Health Plans for benefits including in-patient, out-patient, psychiatric, therapy and additional benefits.


Pru bids to be leader For intermediaries

Prudential believes it can become the number one intermediary lifeoffice as rivals face a day of reckoning because they are not writingprofitable business.Director UK intermediaries Tony Kempster, speaking at the company&#39ssales conference this month, said he believed the strategies adoptedby some of Pru&#39s plc and mutual rivals were not sustainable in thelong term.He believes rivals […]

Mortgage Express fixed buy-to-let mortgage

Fixed term: until 03/03/05Fixed rate: 6.49%Minimum loan: £40,000Maximum loan: £1mIncome multiples: none apply, but minimum incomes £20,000 soleapplicant, £30,000 joint applicants, and gross income must be 130%of monthly interest paymentRedemption fee: six months interest in years one, two and threeArrangement fee: noneConditions: for employed, self-employed and first time buyersIntroducer fee: 0.5% of advance, no maximumTel: […]

Ready for action

Abbey National&#39s decision to take a stake in mortgage platformIFonline sets it apart from competitors Halifax and Nationwide whichhave sided with rival platform Mortgage Brain.The move also surprised some industry sources who say Abbey had vowedto concentrate on developing its own broker site rather than investin external technology.But Abbey head of e-commerce Neville Sharman denies […]

British is best

Framlington has designed the best of British Isa, which invests inthe Framlington UK growth trust and UK smaller companies fund.Investors can choose their investment split but the standard is 80per cent UK growth trust and 20 per cent UK smaller companies.The UK growth trust aims to produce growth by investing in large andmedium capitalisation companies […]

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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