Standard Life introduces 'guided option' to PMI

clock

Standard Life Healthcare has introduced a ‘guided option' to its private medical insurance products which it says will cut the cost of comprehensive cover.

The ‘guided option’ introduces a new treatment path which uses a Bupa or Capio hospital to manage a patient’s treatment from beginning to end, including making all the arrangements and choosing an appropriate consultant. Standard Life says this means hospitals can make better use of their resources so they can reduce their charges and produce a saving which can be passed onto customers. It claims the option will save customers 15% off their policies and, if combined with other Standard Life Healthcare features such as its no claims discount, the cost of comprehensive cover could be cut ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Training day: How will CPD changes impact protection?

Training day: How will CPD changes impact protection?

Rules may “lead to protection being overlooked”

Cameron Roberts
clock 30 May 2025 • 6 min read
'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

Majority believe IFAs and wealth managers should not outsource, PA Asks finds

Isabel Baxter
clock 13 May 2025 • 3 min read
Five things to know when assessing critical illness policies

Five things to know when assessing critical illness policies

Five critical illness factors to consider

Alan Lakey
clock 12 May 2025 • 4 min read