National Friendly has launched a new private medical insurance product, My PMI, which aims to provide a combination of flexibility, simplicity and inclusivity.
The product’s four levels of cover are available to anyone from age 18-85, including family cover, multi-person discounts and postcode ratings to help ensure fairness of premium costing.
Designed to complement the care provided by the NHS, My PMI aims to provide access to a range of private healthcare services, according to the level of policy chosen.
The policyholder can choose where they go for treatment, or National Friendly will help them find the right medical expert and book their treatment with the provider’s guided option.
Graham Singleton, CEO at National Friendly, said: “We’re really proud to present My PMI.
“From economical to elite options, My PMI has something for everyone. Arranged in 4 easy to understand levels to help meet with the unique needs and budgetary requirements of our clients.
“With the additional pressures brought to bear by the cost-of-living crisis, your clients might want to look at how to continue with PMI cover even if it means giving up some benefits.
“New clients may want to know how to cover things they’re most worried about at a price they can afford. Some cover is better than none after all.
“And some older clients might want to prioritise access to the latest medical technology and treatments, over cost.
“Advisers told us that they wanted to be able to offer their clients this kind of flexibility. We listened and we delivered.”
This launch comes at a time when a record 6.8 million people overall are on NHS waiting lists for referral to treatment, in comparison 4.2 million at the start of the pandemic (March 2022).
When it comes to waiting lists for cancer treatment, the NHS has an operational target for a minimum 85% of people to wait 2-months maximum from GP urgent referral to a first treatment for cancer.
Latest data shows that percentage stands at 68.8% (2021/2022) and only 79.1% pre-pandemic (2018/2019).
My PMI includes full medical underwriting and ‘5-2-2’ moratorium options.
This means that any condition suffered 5 years before the insurance starts won’t be covered until the client has 2 years of being symptom-free and also hasn’t made a claim for 2 years.
National Friendly will also offer ‘switch’ terms so that the client can continue their existing exclusions.
