View more on these topics

WPA sets up PMI website for IFAs and clients

Western Provident Association is setting up a private medical insurance website for brokers and policyholders to monitor and manage their private health insurance.

The website enables intermediaries and corporate clients to administer their PMI policies, including buying, renewals and claims tracking.

Medical audio files are also available on the website to allow users to learn about conditions. The site also gives details of local health practitioners and private hospitals.

WPA is also offering commission on its Xshealth PMI policy, which was set up last year.

WPA registered brokers will receive a one-off introductory fee of £100 for each policy sold to over 29 year olds. For people aged 28 and under, there is an initial fee of £50 and then another £50 on the first renewal only.

The policy can be bought and sold by brokers completely over the internet, a facility which WPA says enables it to keep premiums low.

WPA communications director David Ashdown says: “The WPA website puts all the details you need, in their simplest form, in front of you so you can manage every aspect of your policy. This is a much more efficient and informative way to look after your private healthcare needs.”

Recommended

Nigel Chambers

In terms of opportunity for building up a corporate client base, stakeholder ranks alongside the introduction of Serps and contracting-out in 1978 and personal pensions in 1988.We have less than a year before 300,000 companies need to have stakeholder or stakeholder-exempt arrangements in place. This is a major challenge which I believe the IFA sector […]

Advisers&#39 anger at FSA and CAB talks on trees

The FSA has kicked off negotiations with the Citizens&#39 Advice Bureau on how it will help consumers make use of decision trees for stakeholder pensions.The regulator is also proposing to issue a quarterly newsletter to life offices which may open the door on new decision trees being reissued and updated frequently.The CAB negotiations have angered […]

SLI bonds with bonus

Scottish Life International has designed its protected with bonus bond as an alternative to with-profits bonds.The protected with bonus bond is aimed at cautious investors who are looking for a steady rate of growth and who do not want to invest in with-profits bonds. It could also be suitable for building society investors who are […]

Merrill sponsors Chelsea

Giant fund manager Merrill Lynch is to sponsor this year&#39s Chelsea flower show. The four year deal, will last until the Royal Horticultural Society&#39s bicenteniary year in 2004. As part of the deal, Merrill will have its own show garden.

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment