in the news

2 June 2009
Standard Life Healthcare

. Standard Life launches new flexible personal health insurance . Standard Life has announced the launch of personal healthcare - a new, flexible and cost-efficient personal health insurance product. With Standard Life, individuals can now build a plan that is tailored to their specific needs.  All policies are built round a comprehensive core module which provides full cover for in-patient and day-patient treatment, hospital charges, consultants’ fees, diagnostic and monitoring tests.  It also covers in and out-patient cover for cancer as well as major outpatient scans. Individuals can then choose to enhance their plan with additional cover options including 3 levels of out-patient treatment, maternity cover, travel insurance, dental cover, psychiatric treatment, health screening and additional therapies. Having selected their benefits, people have the option to flex their plan with features such as an excess and/or the choice of hospitals where they prefer to receive treatment.  This has the important advantage of giving people control over the level of premiums they pay. The final step allows everyone to choose the type of underwriting that is applied to their policy – from a moratorium to full medical underwriting. These options are backed by a “full cover promise” from Standard Life, so if someone needs an operation, Standard Life will pay the surgeon’s and anaesthetist’s fees in full.  This is different from most other health insurers who set their own fee limits, leaving the customers to make up any shortfall if their specialist happens to charge more than the insurer is willing to pay. Commenting on the launch of the new product, Ronjit Bose, Head of Healthcare Product, Standard Life said, “At Standard Life we believe that it is important to give our customers the flexibility to pick and choose the cover that suits their needs.  After all, no-one knows you better than you, so why should your insurer decide what your healthcare plan should look like?” Ronjit continued, “In the current economic climate it is essential for individuals to have control over the level of premiums they pay.  We believe personal healthcare will appeal not only to those considering the important benefits of health insurance for the first time but also those who have recently left company schemes and want to continue with the peace of mind that private medical insurance offers, as well as those looking to switch from their current insurer.” Further information can be found at: http://www.standardlifehealthcare.co.uk/content/individual/individual_index.html The brochure can be accessed at: http://www.standardlifehealthcare.co.uk/pdfs/SLH_1818.pdf back to the news

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