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Group Insurance Update: November 2018

The Police Federation Group Insurance Scheme renewed from 1 November, and we have faced a number of difficulties in managing the renewal, writes Brian Booth.

Unfortunately due to the claims history in both the sick pay benefit and the legal insurance cover, we have seen a significant rise in the premium from the insurers.

This, coupled together with Insurance Premium tax rises and the increasing costs of overseas private healthcare in the travel policy, means that we have had no choice but to increase the policy price. Please rest assured that we have negotiated hard with our brokers and the insurance providers to get the best rates possible.

We have also looked at a variety of options to reduce costs within the policy, but this would have meant removing or reducing the benefit of key parts of the policy.

This is not something that we were prepared to do, given the premium nature of the policy and the positive feedback we receive from members in relation to claims.

We have therefore ensured that sick pay benefit, unsocial hours payments and critical illness benefits have remained unchanged.

We have managed to negotiate a new benefit within the policy, which is GP24. As the name suggests, this will allow you or your resident family members to consult with a UK-based GP by phone or video call 24 hours a day, 7 days a week. The GP will be able to diagnose illness, issue advice and write prescriptions, if necessary.

We have also secured an amendment to the Dental Benefit, so that the cover is available for all dental emergencies and not just accidents. Hopefully this will remove some ambiguity that existed under the previous policy and will now give greater cover.

The price for the policy from 1st November 2018 will now be £27.75 per month for a single subscriber; the co-habiting partner’s add-on remains unchanged at £6.99. I hope you will agree that this is still incredible value for money when you look at our class-leading cover.

If you have any questions or wish to join the scheme, if you are not already a member, please contact the Federation Office.

Date posted: November 7, 2018

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