Royal & SunAlliance has launched a new cash plan product, aimed at the corporate market.
Values Company Cash Plan, which is available as either an individual or family plan, gives customers the choice of three levels of cover: Values Care, Values Care Plus and Values Total Care.
The plan will pay out for both NHS nd private treatment and covers dental and optical care as well as major surgery and in-patient hospital stays.
Complementary therapies such as homeopathy and acupuncture are included.
Values Company Cash Plan will be available for brokers to sell after the plan has undergone a short live test scheme. Royal & SunAlliance’s Healthcare and Assistance business product manager, John Morgan, explained: “By fine-tuning our systems, administration and pricing prior to a full launch, we can be sure that we are giving brokers the very best cash plan in the market.”
The cash plan market is continually expanding. The last 12 months have seen launches from a wide range of new and existing players and the UK premium income for hospital cash plans is now worth approximately £216m a year.