You are here: Home - News -

BUPA plan offers fixed rates for five or 10 years

  • 01/01/2000
  • 0
BUPA is offering fixed price private medical insurance (PMI) to individual customers. The plan enabl...

BUPA is offering fixed price private medical insurance (PMI) to individual customers. The plan enables customers to take out cover for a five or 10-year term without the worry of rocketing premiums.

Customers pay fixed monthly premiums or can make a lump sum payment. There is no lock-in and should customers who paid a lump sum want to exit the scheme they will receive a pro rata refund.

To purchase fixed price cover with a £100 excess for five years a 30-year-old would pay £50.66 a month, or a lump sum of £2,530. This would rise to £62.27 a month or £5,827 one off payment for 10 years’ cover. But PMI broker, Stephen Walker, principal at Medical Insurance services warned that customers may not necessarily be getting best value.

He said: “This is a step in the right direction but BUPA is approaching the issue of premium caps cautiously as the capped term is limited. It does not resolve the problem of affordable premiums later in life when the benefit is most needed.”


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • Todays Mortgage Administrator iVent programme: author Chris Croft discusses communication skills, @AldermoreBank's…
  • My week on Twitter 🎉: 104 Mentions, 47.7K Mention Reach, 66 Likes, 50 Retweets, 41.6K Retweet Reach. See yours with…
  • Our first day of the Mortgage Administrator iVent has been a great success – don’t forget to join us again tomorrow…
  • RT @DanielleDennis9: Our first ever virtual event is looking great! Make sure you log in today, take a look around the stands and watch the…
Read previous post:
NatWest backs down on redemption fees

NatWest is to cap its early repayment charges on fixed rate mortgages, removing uncertainty for bor...