Medisure, the PMI third party administrator, has launched Health Protector, a corporate and individu...
Medisure, the PMI third party administrator, has launched Health Protector, a corporate and individual private medical insurance plan with the aim of achieving settlement within four to five working days.
Health Protector is available both direct from Medisure and through IFAs.
Intermediaries receive 10% initial commission and 10% at renewal.
Andy Dean, group sales and marketing director at Medisure, said: "The decision about which PMI to buy is no longer based on price alone. When a customer is in need of hospital care the last thing that they need to worry about is service from their PMI provider. Doing so defeats a major benefit of PMI.
"Medisure has over 25 years' experience in the industry and has never previously seen such a demand for its products.
"Our levels of service are first class and we believe this will help us to win - and keep - our customers."
Key features of the plan include the choice of comprehensive, standard and budget cover. Health Protector also comes with the added option to reduce premium levels by up to 30%. This is achieved by selecting from a choice of voluntary excesses.
As well as offering the option to select a style of underwriting - either moratorium or full medical underwriting - Medisure also offers the possibility of transferring from existing private medical insurance schemes to Health Protector on a continued medical exclusion basis.
Dean said: "In today's highly demanding business environment, both businesses and individuals recognise the importance of being able to rely on their medical insurance to ensure that staff and families are able to obtain the treatment that they need as quickly as possible.
"Health Protector is providing a PMI solution that is currently unrivalled in our industry."
The product's brochures are ABI compliant.
"The company's challenge to the market is also highlighted by its determination to minimise customer confusion, misunderstanding and complaints. The literature is easy to follow and unambiguous," Dean said.
