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PMI Second-most Valued Employee Benefit, Finds Study

In Business, Industry News, Insurance by PCH Staff

A survey of employees and employers in the UK has revealed what they believe are the most valuable employee benefits. The poll of 1,150 employees and 1,001 employers by group risk insurer Ellipse found that workplace pensions were considered to be the most valued benefit overall to employees, with 58% selecting it in their top three. Private Medical Insurance (PMI) …

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Over 2 Million Cohabiting Families in the UK Choosing to Live Without Life Insurance

In Industry News, Insurance by PCH Staff

Almost three quarters (73%) of cohabiting couples in the UK do not have life insurance, the recently released findings of a new poll suggest. According to the YouGov survey, which was commissioned by life insurance company Zurich, more than 2.4 million cohabiting families are currently leaving their relatives open to potential financial problems once they pass away. For the survey, …

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Uninsured Brits Spend £850 on Medical Care Abroad

In Insurance, Travel by PCH Staff

For most holidaymakers, holding valid travel insurance before they go away is a vital part of the overall package. However, a new poll has revealed that a significant proportion of British travellers are paying hefty prices abroad because they chose not to get suitable insurance before their breaks. According to the research by flight comparison company Jetcost, just two thirds …

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NHS Rationing Means Patients Having to Plead for Routine Treatments

In Industry News, Insurance by PCH Staff

Patients in need of routine operations that were once provided without question, such as hip replacements and cataract surgery, are having to plead with the NHS to fund their treatments, an investigation has found. As a result, there has been a surge in the number of special requests made by doctors on behalf of their patients for procedures to be …

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Over Half of SME Owners Have Not Made Any Special Arrangements Regarding Shares

In Business, Insurance by PCH Staff

The sudden loss of a business owner has the potential to destabilise a business and can quickly lead to financial difficulties. If no share protection arrangements have been made, the deceased’s business shares may be passed to their family. Their family might then choose to actively participate in the running of the business or sell said shares – even to …

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Life Expectancy for Younger HIV Patients Has Increased by 10 Years Thanks to Antiretroviral Therapy

In Industry News, Insurance by PCH Staff

Life expectancy for 20-year-olds with HIV has increased by 10 years in the EU and North America thanks to improvements in treatment, new research reveals. The study published in The Lancet found that a 20-year-old who started antiretroviral therapy from 2008 onwards and survived the first year of treatment is now expected to have a near normal life expectancy – …

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‘Urgent’ Cancer Operations Cancelled as NHS Winter Crisis Worsens

In Industry News, Insurance by PCH Staff

Patients across the UK are having “urgent” cancer operations cancelled by hospitals as the NHS struggles to cope with its deepening winter crisis. In some instances, patients say they have only been given a day’s notice that their surgery has been postponed as increasing patient numbers are placing intolerable pressure on beds and staff. Previously, cancer operations were protected because …

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Zurich Paid 89% of CI Claims Totalling Over £30M in First Half of 2016

In Industry News, Insurance by PCH Staff

In the first half of 2016, insurer Zurich paid 89% of critical illness (CI) claims. Over £30.6 million was paid out in total to 380 Zurich customers with CI cover. Breast cancer accounted for one in five claims (20%) making it the most common, followed by heart attack (17%), stroke (8%) and bowel cancer (7%). Nine claims, amounting to £225,000, …

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NHS Patients Being Deprived of New Cancer Treatments – Report

In Industry News, Insurance by PCH Staff

Thousands of NHS cancer patients are not getting access to new, life-extending treatments because health chiefs are failing to secure better prices for drugs, according to research by two leading cancer charities. The report by Breast Cancer Now and Prostate Cancer UK says that the UK’s appraisal system for approving new drugs lacks the opportunity to negotiate prices with pharmaceutical …

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Escape the Massive IPT Rise with Corporate Healthcare Trusts

In Business, In The Press, Industry News, Insurance by PCH Staff

Insurance Premium Tax (IPT) has nearly doubled in the last three budgets and private medical insurance is one of the areas of insurance that is most affected. As a result we are recommending that our clients explore healthcare trusts as a possible alternative to private medical insurance. These being particularly attractive to employers due to their tax exempt nature. Contact …

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Half of UK Mortgage Holders Have No Life Cover in Place

In Family, Industry News, Insurance by PCH Staff

Half of all mortgage holders in the UK have no life cover in place to protect themselves and their families financially should any unforeseen circumstances arise and they are unable to work as a result. That’s the key finding to come out of Scottish Widows’ latest protection research, which also discovered that only a fifth (20%) of UK mortgage holders …

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Pfizer UK Boss: ‘I would not want to be a cancer patient in England’

In Industry News, Insurance by PCH Staff

The UK boss of one of the world’s biggest pharmaceutical companies has said that he would “not want to be a cancer patient in England”. Erik Nordkamp’s remarks to the Telegraph came just ahead of the closing of a 12-week consultation on how patients get access to breakthrough medication via the cancer drugs fund. Mr Nordkamp, managing director of Pfizer …