Medicash reports 5% growth in premium income

Cashplan provider Medicash has reported that its premium income for the year 2017 rose by £1.3m to £25.6m - a 5% increase on last year's figure. This growth was driven by a 13.9% increase in total policyholders to 227,255, as well as the number of new policies sold surpassing 70,000 for the first time. This is mirrored by a year-on-year growth in the corporate funded cashplan market over the last five years, with one million people receiving payouts from employers. Medicash's growth in this area means it now possesses a 14% share of the market Claims pay-outs Elsewhere in its an...