New Standard Life Policy

Standard Life has introduced a new flexible product for those who have company medical insurance. The idea is that you can choose what suits you and your employees from a series of modules whilst still having a good basic level of cover.

The basis of the cover is their Core Healthcare Module which covers the following:

• Full cover for all your hospital stays
• MRI, CT, PET scans
• Comprehensive cancer cover
• Physiotherapy
• Consultant and specialist fees
• An online health and wellbeing service
• A private ambulance

The Core Healthcare Module can be extended with all or any of the following six options.:

Core Enhancement module
Additional cover for pregnancy complications, fertility investigations, oral surgery and home nursing

Out-patient Treatment module
Adds cover for physiotherapy, specialist consultations and diagnostic tests (including pathology and radiology).

Psychiatric Treatment module
Adds cover for in-patient & out-patient treatment, accommodation and specialist fees.

Additional Therapies module
Adds cover for chiropractic therapies, osteopathy and acupuncture.

Private GP module
Adds £300 of cover for GP services

Having these different modules increases flexibility and reduces the overall cost of an 'all in' policy. Recent research by has shown that corporate health insurance has risen in cost by 9% and that some companies are interested in finding out how they can reduce these costs.

Additionally different types of workplace may necessitate different kinds of health insurance. Computer operators, for example, are often at risk of musculo/skeletal problem which may make the Additional Therapies module useful and the Psychiatric module may be valuable in areas where there is a very high level of stress in the work environment.