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  • Cashplans

Health Shield announces 2018 annual results

'Growth despite challenging economic climate'

Health Shield announces 2018 annual results
  • Katie Crook-Davies
  • 06 June 2019
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8% rise in premium income during 18th year of consecutive growth

Health cashplan provider Health Shield received £41.3m worth of revenue, up 8% from £38.1m in 2017, with 115,000 members joining during the year (an 11% increase). According to the friendly society, 94.9% of claims submitted were paid, with 79.3% of annual contributions paid back to members in benefits. There was a 4% increase in number of claims paid to 620,000 - during 2018 - and more than £30m worth of claims were paid - an increase of over £1m year-on-year Health Shield has also reported...

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