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Health Shield pays 97.5 per cent of all claims made during 2013

Health cash plan provider Health Shield has announced that it paid 436,640 claims in 2013, representing 97.5 per cent of all claims made during the year.

The most common reasons for claims were dental and optical-related healthcare benefits (52 per cent), chiropody, health and wellbeing therapies and physiotherapy (36 per cent).

According to Health Shield, 2.5 per cent of claims were declined for a mix of reasons, including:

  • Maximum amount already paid — 25 per cent
  • Receipt too old — six per cent
  • Sundry item not covered — six per cent
  • Claim already paid — six per cent
  • Member not qualified at the time of treatment — six per cent

Health Shield, which recently reported a nine per cent increase in new business for the same period, also announced a 63 per cent increase in the number of new company schemes. The insurance company has continued to make progress against ambitious targets and delivered £6.4m in new business sales.

Alternatively for more information about our Health Cash Plans call us on 01270 588 555.


L&G sets up new-build lender panel

Legal & General Mortgage Club has launched a panel of new-build lenders to meet growing demand in the sector. The panel consists of 10 lenders including NatWest Intermediary Solution, Virgin Money and Precise Mortgages and will offer exclusive products, criteria and service to an exclusive panel of 18 of the mortgage club’s members. However, the […]

IP sales down by a quarter

Income protection sales declined by 24 per cent in 2013, falling below 100,000 policies for the first time in 10 years. Swiss Re’s latest market snapshot report for individual protection shows there were 90,794 IP policies sold, down by 24 per cent compared to 120,094 policies in 2012. Swiss Re says year-on-year comparisons should be […]


The Mortgage Mole: The gentle hum of the nation’s brokers on hold

  Mole hears service troubles at lenders, most probably a result of the MMR, has an upside – it has freed up brokers to do those household chores they don’t normally have time for. If you listen carefully you can hear the gentle hum of the “hold” music that thousands of brokers up and down the […]


Boulger: Why we should ‘Welcome’ Leeds’ new 10-year Help to Buy range

The launch by Leeds Building Society of the first 10-year fixed rate Help to Buy 1 (the equity share version of HTB for new-build only) product provides an interesting additional mortgage option for purchasers on new-build properties who only have a small deposit. This is especially as it is available on its “Welcome” range, which charges […]


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