Group medical insurance with predictable premiums that are fixed for 5 years
The Group Healthcare Deposit Account from National Friendly benefits you AND your employees. They get the security of comprehensive private medical insurance and you get a happy healthy workforce. There are advantages for both you and your staff
You
- Monthly premiums fixed for 5 years
- No need to renew the policy each year
- No contract period
Your employees
- Compulsory top-up cover gives employees comprehensive cover from day one
- Employees’ dependants can also be added to the policy, if required.
- Includes a range of dental and optical cover as standard.
- No hospital lists – giving freedom of choice
- Added extras of health screening and stress counselling.
Continued benefits with controlled costs
75% of each fixed monthly premium pays for the scheme. The other 25% goes into the employees’ own personal deposit accounts. They can’t withdraw it, so it’s only reduced when they make a claim.
- An employee’s personal deposit account pays a proportion of any claim.
- Any money left in the account when the employee leaves the scheme goes to you, the employer.
- Employees can only claim back money that they have paid in individually.
- If employees leave the company they can easily continue cover themselves.
Well suited to small- and medium-sized businesses, our Group Healthcare Deposit Account offers all the benefits of private health cover for a predictable cost that is fixed for 5 years.
Read our Group Healthcare Deposit Account FAQs >
Please note: This information is for employers considering the National Friendly product. If you’re an employee looking for information on your National Friendly scheme, please see the literature provided by your employer.