Well being Defend premium revenue rises for 18th successive yr

Well being money plan supplier Well being Defend elevated
its premium revenue by eight% in 2018, the 18th yr in succession it has
elevated. 

Well being Defend achieved income of £41.3m, up eight% from
£38.1m in 2017. 

Membership additionally continued to extend, with 115,000
members becoming a member of in the course of the yr. The society is now the biggest company money
plan supplier, masking 332,000 workers.

The outcomes additionally reveal 94.9% of claims submitted had been
paid final yr. There was a four% enhance within the variety of claims paid to
620,000, equating to greater than £30m price of claims for 2018, a rise
of over £1m year-on-year.

There have been greater than 500,000 claims for dental,
physiotherapy and optical advantages.

Well being Defend chief govt Courtney Marsh (pictured) stated the money plan market remained extraordinarily aggressive in 2018 with important ongoing worth stress, impacted additional by the insurance coverage premium tax rise in 2017. 

“Regardless of the difficult financial local weather, it's
encouraging to see that employers are nonetheless prioritising and investing in
worker wellbeing,” Marsh stated.

He added that following the diversification of the
pleasant society’s product choices into the broader well being and wellbeing
market, the modifications will likely be consolidated into a brand new proposition for the
company wellbeing market later this yr.