Norwich Union Healthcare has introduced an employee- only cash plan option for group schemes.
Norwich Union Healthcare has introduced an employee-only cash plan option for group schemes.
The new product enables companies to reduce costs by offering cash plans to staff as individuals, rather than covering their families as well.
The employee-only premiums, ranging from Ł5 to Ł25 per month depending on the level of cover required, are half the price of family cash plan cover.
Benefits include:
- Between Ł200 and Ł1000 per year for physiotherapy, osteopathy, chiropractic, homeopathy and acupuncture treatment by specialists
- Up to Ł225 per year for allergy testing (for premium levels of Ł10 and above only)
- Up to four GP Helpline consultations per year (telephone consultations on Norwich Union Healthcare's unique helpline service giving 24-hour access to advice from family doctors)
Carolyn Derrington, head of business development for Norwich Union Healthcare, said:
"Cash plans are a valuable addition to employee benefit packages. This new product, which complements our existing range, extends the options for companies wanting to offer cash plans at a lower cost."
Companies wanting to know more about the NUHC Employee Only Plan should call Howard Holt on 02380 354149.
- a full benefit table for the Employee Only Plan is available in PDF format; full details of cover and exlusions are given in the policy wording, a sample copy of which is available on request
- Media contact - Louise Zucchi, Norwich Union Press Office, 08703 666860
Notes to Editors:
Norwich Union Healthcare was founded in 1990 as the healthcare arm of Norwich Union and now provides a range of income protection and private medical insurance products to around 600,000 customers. It is one of the largest providers of income protection and private medical insurance in the UK.
CGU plc and Norwich Union plc merged on 30 May 2000 to create CGNU plc, the UK's largest insurance group and one of the top-five insurers in Europe with substantial positions in other markets around the world, making it the world's sixth largest insurer based on gross worldwide premiums.
CGNU's principal business activities are long-term savings, fund management and general insurance, with worldwide premium income and retail investment sales from ongoing business of over Ł27 billion and assets under management of more than Ł210 billion.
From October 2000, the combined life and pensions, general insurance and retail fund management businesses in the UK operate under the Norwich Union brand, while the institutional investment business operates under the Morley Fund Management brand.