SimplyBiz Mortgages is today launching a private medical insurance referral service for its members with PMI brokers Medisurance.
The service will help members place both group and individual schemes with Medisurance.
The scheme will give support and cover for all regulatory requirements.
The proposition will include both initial and renewal commission.
SimplyBiz Mortgages chief executive Martin Reynolds says: “We have offered members access to a number of products areas over the years, from commercial lending to protection on a referral basis, and the PMI referral service is an extension of this tried and tested formula.
“PMI is definitely undersold, but should form an integral part of the protection and wellbeing aspect of the adviser/client relationship.”
Medisurance managing director Kevin Simmonds says: “We provide specialist support in an underserved market. We are looking forward to working with SimplyBiz Mortgages members to help them extend their product offering.”