SME Pricing Deals - Extended until 30 June 2018
Published: 31 Jan 2018
We’re pleased to announce that we’ve extended the availability of the company Solution private medical insurance deals, announced at the end of last year.
Previously closing at the end of March, the offer period has now been extended until 30 June 2018. Moreover, the deals are now available to even more of your company Solutions clients.
The new offers are as follows:
Capped renewal rate increases
A first year renewal rate increase fixed at 6.5% policy level - now available for groups covering 2-19 main members (previously 2-9) switching to Aviva.
The increase guarantee applies to the rate at policy level, including any age band increases. Any increases related to factors such as member changes and policy changes will be incremental to this.
Additional reassurance for members who are mid-claim
3 months Claims Transition Agreement - available for companies covering 20-99 main members.
This gives members the reassurance that they’re guaranteed to be covered in full for any treatment that has been pre-authorised by their previous insurer, where the treatment date is within 3 months of the policy start date.
Working together with our Healthcare Trading Centre Consultants, our Broker Claims Team will help ensure the smooth transition of your clients’ claims.
Free dental and optical benefit
Free Dental and Optical Cover – is now available for the first year that the policy is in force, for newly underwritten (virgin) business covering 2-99 main members.
Significantly enhanced commission rates
• 30% initial and 10% renewal commission – on switch business covering 2- 19 main members. (Previously 2-9)
• 40% initial and 10% renewal commission – on newly underwritten (virgin) schemes covering 2-99 main members.
• 15% initial and 10% renewal commission – on switch business covering 50-99 lives.
N.B. Commission is payable net IPT.
The offers are available on schemes with a start date of 1 February onwards. They’re available until 30 June 2018.
To request a quote and for more information about our offers please speak to your usual Aviva Sales Consultant.
Terms and Conditions
1. These offers are available on Company Solutions policies which start between 1 February 2018 and 30 June 2018, quotes are valid for 30 days.
2. Commission deals
a. Schemes covering 2-19 main lives switching to Aviva – increased commission will apply as follows; initial commission 30%. Renewal commission 10%
b. Newly underwritten (virgin) schemes covering 2-99 main lives written on Full Medical Underwriting (FMU) or New Moratorium underwriting - increased commission will apply as follows; initial commission 40%. Renewal commission 10%
c. Schemes covering 50-99 main lives switching to Aviva - initial commission increased from 10% to 15%.Renewal commission remains at 10%.
3. Guaranteed first year renewal increase of 6.5% at policy level
a. Available to groups covering 2-19 main members switching to Aviva.
b. The increase guarantee applies to the rate at policy level, including any age band increases. Any increases related to factors such as IPT, member changes and policy changes will be incremental to this.
c. The reference point for the premium calculation for the increase will be 52 days prior to renewal.
d. This guarantee applies to the first renewal only.
e. The policy will remain a one year contract.
f. This offer cannot be used in conjunction with any other offer.
4. Free Dental and Optical Cover
a. Available for schemes covering 2-99 main lives
b. All members must be covered on a New Moratorium or Full Medical Underwriting basis
c. The Dental and Optical Cover option is free for the first year of cover.
d. This offer cannot be used in conjunction with any other offer.
5. Three month claims transitional agreement
a. Available to groups covering 20-99 main members on a Solutions policy.
b. Available for switch business.
c. This offer cannot be used in conjunction with any other offer
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