Group medical insurance with predictable premiums that are fixed for 5 years
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.
The Group Healthcare Deposit Account from National Friendly benefits you AND your employees. They get the security of comprehensive private medical insurance and the employer gets a happy healthy workforce. There are advantages for both you and your staff
You
- Fixed monthly premiums 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 account. 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 never goes up.
Read our Group Healthcare Deposit Account FAQs >