A reduction in premium that reflects how little you have claimed.
Many private medical insurance policies run a no-claims scale similar to motor insurance. Claiming moves you down the scale and increases the premium at renewal, sometimes for several years. This is why a small outpatient claim can cost more over time than paying for the appointment yourself — a calculation worth doing before claiming for a low-value item.
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Keep reading
Critical illness cover is worth it when a serious illness would cost your household more than it could absorb — for example, with dependants, a mortgage, little sick…
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Yes. Standalone critical illness cover pays a lump sum on a qualifying diagnosis and nothing on death. Combined life and critical illness policies usually pay once, then end.…
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Income protection is worth it if losing your earnings for months would put your home or family at risk and sick pay, savings or employer cover would not…
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No. Income protection pays when illness or injury stops you working, not when you lose your job. An existing claim may continue after redundancy if you still meet…
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It depends who pays. Personal policies get no tax relief on premiums, but benefits are generally tax-free. Sole traders usually cannot claim premiums as a business expense. A…
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Yes, some insurers offer private health insurance for a child on their own, with a parent or guardian as the policyholder; others only cover children alongside an adult.…
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