Three new initiatives ' including a rate freeze, extended excess option and wider eligibility ' have...
Three new initiatives ' including a rate freeze, extended excess option and wider eligibility ' have been introduced by Standard Life Healthcare (SLH) in a bid to make group PMI more attractive to corporate clients.
The move follows results from an employee attitudes survey sponsored by recruitment and training firm Eden Brown, which revealed that PMI is the UK's second favourite employee benefit behind pensions.
SLH will be holding its rates for group business until February 2002, meaning that they will have remained unchanged for one year. The insurer is also extending the excess available on its corporate schemes to include a £250 excess, in addition to the current level of £100. The types of occupation it will quote for group PMI has also been widened to include entertainment, media, landlords, ship crews, emergency services and medical staff.
Iain McMillan, intermediary sales manager at SLH, said: 'It is good news all round for the corporate sector. I am pleased that consumer research confirms how highly people value PMI as a staff benefit, and that we are further extending the choice to consumers and businesses alike.'
