Medicash reveals an increase in sales

clock • 1 min read

Cash plan provider Medicash has announced increased sales in its annual results.

Premium income hit £24.3m - an increase of £1.3m on the previous year. Sales of company paid plans continued to rise as did the total number of policyholders. Medicash revealed the following figures:  Total policyholders: 199,409 (up 5.9% from 188,314 in 2015) Premium income: £24.3m (up from £23m) Value of claims paid: £19.3m (up 5% on 2015) Commissions paid to intermediaries: £640k (up 38% from 2015 and up 120% from 2014) Company paid plans now account for over 55% of all policies. The intermediary market generated 63% of all new business in 2016, while IPT contribution...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on PMI

Six in 10 adults would choose PMI as top employer-funded benefit
PMI

Six in 10 adults would choose PMI as top employer-funded benefit

27% have self-funded treatment over the past five years

Jaskeet Briah
clock 10 September 2025 • 3 min read
Perci Health appoints medical director to support expansion
PMI

Perci Health appoints medical director to support expansion

Launch of new specialist clinics

Jaskeet Briah
clock 04 September 2025 • 2 min read
Private healthcare admissions hit second highest level in Q1 2025
PMI

Private healthcare admissions hit second highest level in Q1 2025

Insured admissions remain stable

Jaskeet Briah
clock 02 September 2025 • 3 min read