The Scottish Mail on Sunday
How the big four insurers measure up on dealing with group leavers
NEW premium is based on claims made by the member only within the group scheme (rather than pooled with other members, where costs can be lower). Aviva will allow partners and children to continue with cover in their own right.
PREMIUM will depend on applicant’s answers to their questions, with the biggest price hike if there is treatment planned or pending. Partners and children can continue with cover on their own.
NEW cost based on answers to four risk questions, with the biggest increase if treatment is pending. But Bupa will not allow partners and children to continue with cover on their own, so the main member has to continue as well if dependants require continuity of cover.
IT ASSESSES an individual’s claims history and places applicants into one of two streams. Those with an uneventful claims history get competitive premiums and a choice of benefits, while those with an adverse claims history are offered a fixed plan at a loaded premium.
The insurer will not allow partners and children to continue on their own.