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Health insurance news: Virgin Money

Virgin Money, part of Richard Branson's Virgin group was set up in 1995 and has over a million customers.  It entered health insurance in 2005.  The insurance is underwritten and administered by Scottish Widows.
 

Recent news

  • Virgin Group puts on hold NHS primary care entry Virgin Cancer CoverVirgin Group has put on hold its plans to take over and run GP surgeries in England, casting doubt on the prospects for private involvement in primary care. Mark Adams, who is to step down as Virgin Healthcare chief executive, blamed its problems on the economic downturn. Plans to take over a surgery in Swindon next year, previously the company's most-developed project, have been dropped.
  • Virgin Money comments on Cancer Research UK 'Fate' findings Virgin Cancer CoverResearch from Cancer Research UK has suggested that over a quarter of the UK population believe fate not lifestyle will determine whether they get cancer or not. People were asked if they thought they could cut their risk of developing cancer, or whether it was out of their hands.According to Cancer Research UK:Among respondents from the most deprived areas 43% believed that getting cancer was...
  • Virgin Money comments on Macmillan research into financial impacts of cancer Virgin Cancer CoverResearch from Macmillan Cancer Support has confirmed the financial pressures of being diagnosed with cancer. The research suggests that people face overwhelming financial pressures including home repossession.According to Macmillan Cancer Support:One in seventeen people lose their home after being diagnosed with cancer and one in six have difficulties in keeping up with their mortgage or rental...
  • Health-on-Line : Health-On-Line product launches planned Health-on-line logoOnline private medical insurance provider Health-On-Line is considering introducing a cancer-only plan. Mark Martin, managing director of Health-On-Line, says the product is still under discussion but he suggests it could be a competitor to Virgin Money's Big V direct offer cancer cover. Martin says some PMI offers can lead to consumers misunderstanding what a policy includes, whereas...