Bupa confirms commission for individual PMI from Q1 2014

clock

Bupa has confirmed it is to offer commission to intermediaries on individual private medical insurance (PMI) policies from the first quarter of 2014.

The insurer revealed it will also have a revised product and proposition, including a self-service option and intermediary helpdesk.

Last year Bupa controversially made the decision to stop selling new individual PMI contracts through intermediaries as a result of "challenging market conditions" and commercial viability.

Tony Wood, sales director at Bupa Health Funding said: "Bupa will offer commission to intermediaries on individual health insurance policies from the first quarter of 2014.

"We have been consulting with AMII and some of our intermediary partners to reach a solution that works for customers, intermediaries and Bupa. We will have a revised product and proposition, including a self-service option and an intermediary helpdesk."

Wood added: "We are very excited by this new step and are passionate about working with intermediaries in all areas of health-related benefits."

More on PMI

Three quarters of adults say private healthcare is unaffordable
PMI

Three quarters of adults say private healthcare is unaffordable

Benenden Health research shows

Jaskeet Briah
clock 26 March 2024 • 2 min read
NFP acquires PMI intermediary
PMI

NFP acquires PMI intermediary

Bolstering employee benefits capabilities

Jaskeet Briah
clock 26 March 2024 • 1 min read
Corporate demand drives insured private health admissions
PMI

Corporate demand drives insured private health admissions

Self-pay admissions are plateauing

Jaskeet Briah
clock 25 March 2024 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read