The Exeter to give back £5.3M to PMI customers

Members to receive £346 per policy

Hemma Visavadia
clock • 1 min read

The Exeter has revealed that it will make a rebate of £5.3 million to its health insurance members as a result of fewer claim cases made in 2020 and 2021.

The rebate will see Exeter members receive an average of £346 per policy, equivalent to two months' premiums. During the Covid lockdown periods, several private hospitals were requisitioned by the NHS. The use of the independent hospitals ultimately caused delays for other non-critical treatments which were due to take place at the premises. Due to the delays, The Exeter said it will pay back any unforeseen financial saving which arose from the pandemic. This includes refunding partial premiums to people who chose to cancelled or changed their cover in 2020. In addition, the group ...

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

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