Engage Mutual has bought National Friendly's sales team and ongoing rights to the One Fund health cash plan for the corporate market.
Andrew Haigh of Engage Mutual comments, "As a mutual, we are driven by the needs of consumers, and One Fund offers a genuinely customer focused proposition, benefiting both the claimant and the employer, who can be confident that the flexible nature of the benefits will contribute to a healthier workforce."
One Fund has proved popular due to its high level of flexibility for employees, who can choose to spend the annual fund allocated to them on either a single benefit, or across the range of benefits covered by the plan, as dictated by their health needs. This feature differentiates it from many other cash plans. The product could offer a solution to those struggling to cope with ever increasing private medical insurance costs by helping fill the gap that exists between lower cost private medical covers and the higher end of health cash plans.
Health cash plan news: 12 August 2011