Standard Life Healthcare is launching three private medical insurance
It is maintaining its PMI rates for group business for six months until
February 2002 and is extending excesses on its corporate schemes to include
a £250 excess which also gives a 30 per cent discount off rates. This
is in addition to the current £100 excess level. The company also has
widened the occupations for quotations to include entertainment and media
firms, landlords, ship crews, emergency services and medical staff.
It points to research from Gallup which shows PMI is the UK's
second-favourite staff benefit behind pensions. PMI came ahead of profit
share, maternity and paternity benefits, company car and dental care.
SLH believes skill shortages, staff retention and cost management are key
issues for employers and that IFAs need more reasons to promote PMI.
Intermediary sales manager Iain McMillan says: “Rates have been held and
additional excess options reflect the change in how people want to fund
healthcare. I am pleased that consumer research confirms how highly people
value PMI as a staff benefit.”