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Health insurance news: Pioneer Friendly Society

Pioneer Friendly Society, founded in 1888 is an incorporated friendly society specilaising in income protection. A mutual society for the benefit of its members it only deals via independent financial intermediaries.

Pioneer Friendly Society : Company profile

Recent news

Pioneer improves Professional Income Protection (PIP) PIP is aimed solely at professionals and those in low risk occupations with policy benefits. Pioneer says the changes reinforce its commitment to develop simple, transparent and saleable income protection plans. The maximum benefit increases from 40 % to 50 % of gross income with an option to allow customers to choose between financial underwriting on acceptance or at the point of claim.
Pioneer calls on insurers to abandon Payment Protection Insurance The Association of British Insurers (ABI) and their members should stop trying to defend a poorly performing over-priced product - payment protection insurance (PPI)- and discontinue it.
Income protection providers Exeter and Pioneer merge A new dedicated healthcare specialist was formed on 1st April 2008, when, following regulatory approval and policyholders voting in favour of the alliance, specialist private medical insurance provider Exeter Friendly Society and specialist income protection provider Pioneer Friendly Society joined forces.
Pioneer income protection claims figures Pioneer, a specialist income protection provider, which is a trading name of Exeter Friendly Society, says it paid 96% of all the income protection claims it received in 2007. The figure is down slightly from 96.89% in 2006.
Insurers announce plans for merger Private medical insurer Exeter Friendly Society and income protection specialist Pioneer have agreed 'transfer of engagement' terms which, subject to membership and regulatory approval, will lead to the creation of a dedicated mutual healthcare insurer. Subject to all the necessary approvals, completion is scheduled for March 2008. Exeter is a specialist provider of private medical insurance for...
New income protection plan with guaranteed benefits Income protection provider Pioneer Friendly Society has launched a plan with 'guaranteed benefit amounts' that aims to counter widespread consumer mistrust over denied claims. Like other policies, the medical underwriting for the Professional Income Protection Plan (PIP) is done upon application. But in a departure from the norm, your level of income is also checked at the time of application so...
Pioneer release 2006 claims figures Income protection insurer Pioneer is only one of two companies who release claims statistics. In 2006, Pioneer paid 96.89% for all income protection claims. The most common claims were for muscular and skeletal reasons (18%), operations (16%) and back and neck injuries (12%). Pioneer is an award-winning insurer entirely dedicated to providing market leading Income Protection products and putting...
Pioneer income protection enhancements Pioneer Friendly Society has made a number of enhancements to its Pure Protection contract from 10 January. 'Own Occupation' definition of incapacity, available to all occupations – at no extra cost. Increased maximum benefits, now up to £120, 000 per annum. Reduced policy exclusions – now just two, War & HIV. Pioneer chief executive Andrew Chapman says: "These latest...
Pioneer releases income protection plan statistics Pioneer Friendly Society has lived up to its name and become the first insurer to reveal its declined income protection claims statistics. By revealing its claims statistics, Pioneer is helping to demonstrate to their customers the true value of Income Protection Insurance. Pioneer paid out 96.57% of all the IP claims it received in 2005, with musculoskeletal and back injuries accounting for most...