There are many options for the consumer when it comes to choosing your insurance provider and depending on what type of insurance you are looking to purchase, your choice of who you purchase your policy from can be extensive.
Health or Protection insurance can be purchased a number of ways including:
- from the Insurance Company
- from a specialist broker or intermediary
- from an independent financial adviser
- from an employee benefits specialist
- from a cost comparison website
- from your bank
- from the post office
- from the supermarket
As there are so many different types of policy to choose from it is always a good idea to double check that you are buying the policy that best suits your requirements.
Insurance is a policy we all buy in the hope that we never need to use it however; by making sure you have bought the right policy from the most appropriate provider will give you peace of mind that the cover is there when it comes to making a claim.
Insurance Brokers / Intermediaries
An independent specialist insurance broker or intermediary can help to make the process easy when you are looking for a health or protection insurance policy. Independent brokers will research the market for you and providing they are not affiliated to any Insurance company, the advice they provide you will be un-biased and based solely on your own specific policy requirements
If you appoint a broker to look after your policy they are there to help you throughout the process of initial purchase, administration, renewal and many of them will assist their clients if there is any issue when making a claim.
Although the majority of brokers do not charge fees to their clients, it is always better to make sure you know whether your broker is paid a commission from the insurance companies or charge a client fee for their services.
When looking at appointing a broker, you should make sure that they are authorised and registered with the Financial Conduct Authority (FCA) who are the conduct regulator for financial service firms and financial markets in the UK.
Primary Insurance Companies
If you choose to purchase your policy directly from an Insurance provider or primary Insurance company then their staff will be able to advise you in detail about their own products and services available rather than offer you a full market comparison.
In most cases the premiums you pay when you purchase directly from the Primary Insurance Companies should not be any cheaper than when you buy via any other route. There are however some exceptions when it comes to promotional offers available at various times throughout the year.
There are a number of Insurance providers in the UK for health and Protection insurance including the following well known household names:Aetna International - AIG Life Limited - Allianz Worldwide Care - April International - April UK - Aviva - AXA PPP - AXA PPP International - Beagle Street - British Friendly Society Ltd - Bupa - Canada Life - Cigna - Cirencester Friendly Society Ltd - Freedom - General and Medical - Healix Group of Companies - Health Assured - Health Shield - HealthCare International Global Network Ltd - IMG Europe Ltd - LV - Medex Protect - Medicash Health Benefits Ltd - Morgan Price International Healthcare Ltd - Now Health International - Permanent Health Company - Realm Protection Ltd - Royal London - Simply Health - The Benenden Healthcare Society Ltd - The Exeter - UNUM - VitalityHealth and VitalityLife - VSP Vision Care - Westfield Health - WPA (Western Provident Association) - Zurich Insurance Group -
If you are an insurance company and your business is not shown in this list and you want to add it, please contact us.
The primary insurance companies are also regulated by The Financial Conduct Authority (FCA) in the UK.