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New instant flexible health cover for small/medium businesses
01 August 2005
In an industry first, new health cover from Bupa provides companies with instant enrolment and the option to tailor benefits to suit their business needs.
Bupa Select allows companies to build bespoke cover, to suit their individual business needs, from an extensive range of core benefits, including in-patient and out-patient treatment in more than 180 hospitals. Additional options to increase or reduce the level of cover to suit the budget and size of the company can then be applied. Some companies may want to increase the number of hospitals or add out-patient benefits or provide a cash benefit towards the cost of optical and dental care, while others may want to lower premiums by including employee excess or removing psychiatric benefits.
Ann Greenwood, director of business markets at Bupa Insurance comments: "Feedback from businesses told us we needed a policy that was much more flexible and modular rather than simply opting for a ‘one size fits all’ approach with lots of features you pay for but may never use. Initial response to Bupa Select from businesses has been extremely positive with over 100 companies signing up in the first few days."
Bupa Select is supported by a new multi-million pound IT system which allows faster, more accurate invoicing and the ability to make single payments by Direct Debit. Membership paperwork has been redesigned and is now clearer and less ambiguous to ensure everyone understands precisely what they are covered for.
"With our new system, we can now accept new business on any day of the month, rather than the industry norm where clients have to wait for cover to kick in on the first day of the next calendar month.
When we tested Bupa Select in the run-up to launch, brokers were impressed with the speed and accuracy with which we were able to sign up companies and issue documents," she said.
Companies interested in further information about Bupa Select should call 08457 515 515. More information can be found at:
www.bupa.co.uk/bupaselect
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