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WPA provides professional touch

WESTERN PROVIDENT ASSOCIATION

Professional Health

Type:
Individual private medical insurance for members of professional occupations

Minimum-maximum ages:
18-65

Minimum premiums:
£1.65 a month, £18.77 a year

Maximum benefits:
Standard cover no maximum, worldwide option up to £250,000 a year. dental option up to £31,250, cash plan benefits level one up to £705 a year, level two £1,410 a year, therapy option up to £1,000 year

Cover provided:
Standard cover, outpatient benefits, therapy, worldwide cover, dental cover, cash plan benefits

Excess:
25% of claim subject to a maximum of £1,000, £3,000 or £5,000 a year

Commission:
Initial 35%,
renewal 5%

Tel: 0800 783 0 784

Western Provident Association&#39s professional health is an individual private medical insurance plan aimed at people in professional occupations such as barristers and doctors. It is based around a core element with menu-based options and policyholders pay 25 per cent of the cost of a claim up to the amount they select at the outset.

Glenburn Financial Services proprietor Alan Buswell likes the product but feels it is let down by the huge volume of information contained in the literature. He says: “In among this welter of information there is a very good product struggling to escape. It took me, as a so-called professional in this industry, over an hour just to read through the information pack. So I cannot imagine how long it would take the public to read and understand the contents.

“This is definitely not easy reading and I fear it will put off a lot of people. If this is just the information pack, I dread to think what the policy schedule looks like. As a firm believer in Kiss &#45 Keep it simple, stupid &#45 I really do think this is information overload. Most people will have lost interest long before they have finished reading the brochure.”

Having said that, Buswell feels that at first glance, the plan seems to be a very comprehensive policy covering everything from hospital treatment to dental treatment. He says: “The shared responsibility option by which the client agrees to pay 25 per cent of the claim up to a specified limit for a much reduced premium looks very attractive. But WPA should have stuck to a basic plan with the option of the shared responsibility and left it at that.”

BROKER RATINGS:
Suitability to market Good
Flexibility Good
Premium rates Good

Overall 8/1

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