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Lloyd Vine
  • Home
  • Insurance
    • Business Protection >
      • Key Person Insurance
      • Shareholder Protection
    • Employee Benefits >
      • Group Income Protection
      • Group Life
      • Group Private Medical
      • Relevant Life Cover
    • Personal Protection >
      • Critical Illness Cover
      • Income Protection
      • Life Assurance
  • Investment
    • Pension & Retirement >
      • Auto Enrolment
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      • Flexi-Drawdown Pension
      • Group Personal Pension
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      • Self-Invested Personal Pension
    • Savings & Investments >
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      • Investing For Children
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      • Lifetime ISA
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      • Buy to Let Types
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Group Private Medical Insurance

Group medical insurance is designed to support employees who need medical attention.  This can be financial support or to ensure they have access to the best care as soon as possible. Many plans include support and advice to help keep employees healthy which can reduce sickness absence.

Offering medical insurance can be very appealing to both existing and prospective employees and can help to attract and retain staff. 

Many policies can provide the option for employees to add their family members at their own expense or as part of the employee benefit package. This can also be seen as a real benefit. 

We are able to source the best solution for the needs of your business. We are able to search the UK market on your behalf and recommend the most suitable provider.

Factors which will influence the cost of your scheme include:
  • Age of employees. There are a number of personal factors that affect the cost of group medical insurance. Unsurprisingly the age of your employees plays a significant role. The older your employees the more likely they are to become ill and subsequently present a greater risk to the insurer.
  • Level of cover. The level of cover you provide to employees and the number of employees you include will contribute to the cost of cover. Providing the most basic cover will naturally be the cheapest option available.
  • Location. Some areas have a higher claims ratio than others which will be taken into account when the insurer assess the risk a new client poses. Some areas have higher hospital costs.
  • The cost of this policy can be outweighed by the reduction in time key employees take off sick due to illness or injury as a result of receiving preferential medical treatment.

There are optional benefits available.
  • Dental care
  • Eye care
  • Private medical expenses
  • Prescription expenses
  • Psychiatric treatment
  • Hospital stays
Policies can be very flexible; for example you can choose how extensive the cover will be and how many employees you wish to cover. It may be that just senior staff are offered cover or your entire workforce. 

You can further alter your policy by including an excess or waiting period if you were looking to bring down the cost. There any many options available allowing you to enhance your benefits package to suit your employees’ and company’s needs and your budget.
​

    Group PMI Enquiry

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Lloyd Vine Limited. Independent Financial Advisers & Mortgage Brokers. Authorised and regulated by the Financial Conduct Authority. 832055.
Copyright All Rights Reserved © 2019 Lloyd Vine Limited. Company Number: 11783591


Normal Hours

Mon - Fri : 9am - 5pm

Telephone

023 80601601

Email

info@lloydvine.co.uk

About Us


  • Home
  • Insurance
    • Business Protection >
      • Key Person Insurance
      • Shareholder Protection
    • Employee Benefits >
      • Group Income Protection
      • Group Life
      • Group Private Medical
      • Relevant Life Cover
    • Personal Protection >
      • Critical Illness Cover
      • Income Protection
      • Life Assurance
  • Investment
    • Pension & Retirement >
      • Auto Enrolment
      • Company Pensions
      • Flexi-Drawdown Pension
      • Group Personal Pension
      • Pension Annuity
      • Personal Pension
      • Self-Invested Personal Pension
    • Savings & Investments >
      • Investment Bonds
      • Investing For Children
      • ISA (individual Savings Account)
      • Lifetime ISA
  • Mortgages
    • Your Home Mortgage >
      • Introduction
      • Property Surveys
      • Mortgage Consultation
    • Buy To Let >
      • Buy to Let Types
      • Portfolio Landlords
    • Commercial Mortgages >
      • Commercial Mortgages
      • Limited Company Buy to Let
    • Holiday Home Finance
    • Let to Buy
    • Second Home
    • Self Build
    • Mortgage Calculator
  • Contact Us
  • News
  • Documents