Medicash sees 21% rise in premium income

Total number of policyholders up 9%

Jaskeet Briah
clock • 1 min read

Corporate cash plan provider, Medicash, has reported a 21% increase in premium income in 2024.

The total number of policyholders increased by 9% to 641,000 throughout the year for the not-for-profit insurer. This figure increased to 680,000 at the end of June 2025. More than 4,800 companies now offer Medicash benefits as part of their corporate healthcare offering. The provider said the expansion of its policyholder base in 2024 reflects "ongoing appetite" among UK employers for "cost-effective, preventative health solutions". Elsewhere, Medicash's expense ratios reduced last year to 21.3% from 23.1% in 2023 and its technical income increased to £61.7 million from £51m the y...

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 Insurer

The COVER Review: Product updates, claims statistics and sick notes

The COVER Review: Product updates, claims statistics and sick notes

Week commencing 4 May 2026

COVER
clock 08 May 2026 • 1 min read
Bupa opens London mental health centre

Bupa opens London mental health centre

Supporting more than 400 patients per week

Jaskeet Briah
clock 07 May 2026 • 2 min read
Usage of employee health benefits on the rise: Simplyhealth

Usage of employee health benefits on the rise: Simplyhealth

20% using at least once a month

Cameron Roberts
clock 30 April 2026 • 2 min read