PruHealth announces purchase of Standard Life Healthcare UK
14 June 2010
No need to panic if you are a member of Standard Life. Nothing will change for a while yet. Simply have an independent review close to your renewal and don't be surprised if PruHealth are more competitive!
Background of the purchase:
Private medical insurance provider PruHealth has announced it is buying out its competitor Standard Lifes Healthcare branch. Standard Life is the fourth largest provider of private health cover in the UK, and the purchase of the company by Discovery, who joint own PruHealth with Prudential, means that they will cover more than 700,000 people across the country. The two companies currently offer different advantages in their private medical insurance policies and they have said the joining of the two will mean a wide variety of policies for their customers. The deal is not expected to go through until the end of July though, and the two companies are expected to continue working as rivals in the private health insurance market until it is confirmed.
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