Pegasus, the healthcare arm of Scottish Mutual, issued more than 25,000 policies and had a record yea...
Total number of policies for the year rose by 51% to 25,302, and annualised premiums climbed 83% to £13.7m, against £75m in 1999.
Almost 27% of new policyholders opted to buy Pegasus' critical illness buyback option, which allows people who have previously made claims to take out new cover against cancer, heart attacks and strokes.
Nick Kirwan, product development manager at Pegasus said: "2000 has been our best ever year in terms of new business volumes.
"The dramatic increase in our new business was helped by the fact that we launch a number of product innovations in 1999. In addition, the successful positioning of our Personal and Business Assurance plans got the year off to a great start. We maintained momentum with the launch of our Wealth Preservation Plan in October."
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