National Friendly withdraws products from market


National Friendly has withdrawn its Five Year Fixed Healthcare and Healthguard products for sale to new customers.

The mutual said the decision has been taken to protect the capital integrity of the group as the only provider to be writing lifelong product. Richard Sear, chief executive, says: "With claims rising as a whole across the PMI market, we are no longer in a position where we can sustain this product at the existing levels of volume and value. "As a mutual, we firmly believe that our first responsibility is to protect our members. We are therefore not frightened to make the right decisions to underline and secure the Society's future." National Friendly will continue to sell One Fund ...

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



Already a Professional Adviser member?


More on Individual

Bupa launches new patient helpline

Bupa has launched Bupa Anytime HealthLine, a helpline providing 24 hour, unlimited medical advice and information from a team of GPs and nurses.

clock 24 January 2012 •

Freedom Healthnet widens age limit

Freedom Healthnet has upped the age limit for clients wishing to purchase its private medical insurance (PMI) plan.

clock 16 January 2012 •

Brokers approve cancer cover moves

Medical insurance brokers have applauded moves by private medical insurance (PMI) providers to remove the limits on cancer coverage for many standard polices.

clock 10 January 2012 •