Our approach
Private medical insurance is a complex product with lots of variables. There are over 15 insurers, each offering a number of different plans, ranging from budget cover to fully comprehensive policies.
Most of these plans will have a number of excess options, and may have a choice of hospital networks. Other variables include no-claims discounts, six-week-delay clauses and differences in cancer cover. The client’s unique medical circumstances add a further layer of complexity.
Because there are so many options, it is rare that a client approaches an adviser knowing exactly what they want from a PMI policy. With this in mind, we look to establish your requirements from a relaxed discussion, rather than simply asking you a series of questions.
We don’t expect you to remember everything that we discuss on the phone or in person, so we’ll write to you outlining our recommendation in natural language before you make your decision. This will give you the opportunity to read through the information in your own time and come back to us with any questions.
We prefer to make a definitive recommendation where possible, although it may be necessary to present two or more policies for your consideration. In our most recent panel review, we scrutinised policies from the following insurers:
Aviva, AXA PPP Healthcare, Bupa, CS Healthcare, Exeter Family Friendly, Freedom Healthnet, General & Medical, Groupama, Health-on-line, Healthfund, PatientChoice, The Permanent Health Company, PruHealth, Simplyhealth and WPA.
