Western Provident Association (WPA) has revamped its health cash plan for small companies and individuals, offering more benefits for affordable premiums.
Its move comes amid a general cashplan revival. According to healthcare experts Laing and Buisson, sales have increased by 40% over the past five years to £379m.
WPA's Cashback scheme has operated with three levels of cover and provides a contribution of between 50% and 75% towards dental, optical and specialist consultations up to a total of £7,830 a year. There are also cash benefits for hospital stays of up to 100 nights or days.
Now the plan also includes personal accident cover up to £12,000, health screening and maternity and paternity bonuses of up to £600 per child.
“With the cost of private health insurance increasing, companies are looking for cost-effective alternatives,” said WPA spokesman David Ashdown.
“Cashback is partly co-payment, which means that the premiums are kept low so companies can provide these benefits across their workforce.”
The commission payable to brokers is 35% initially for individuals and 25% for companies. Commission of 5% is payable on renewal.
Premiums for employees begin from £8 per month rising to £12, and from £8.80 to £13.20 for individuals.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
