PruHealth the joint venture between Discovery holdings and Prudential has had a considerable boost to the number of policy holders with Discovery’s acquisition of Standard Life Healthcare.
This acquisition now means PruHealth covers around 700,000 lives with an 11% share of the private medical insurance (PMI) market.
With confirmation of the acquisition a new product suite has been announced which is to take shape later this year with all existing policies being gradually migrated to PruHealth.
The CEO of PruHealth, Neville Koopowitz said: “Our vision is to be the best health insurer in the UK and to excel at everything we do. The combined business will result in a complementary product range and assets in distribution and service as well as scale in negotiations to benefit clients.”
PruHealth have stated that if you are an existing Standard Life Healthcare customer, there will be no change to the terms and conditions of your policy as a result of the sale. PruHealth will contact you when your policy is due to be renewed to let you know of any planned changes at that time.
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