Onlyinsurance.com is to launch a private medical insurance product and a payment protection insurance product early this summer.
The online broker decided to move into the PMI sector after it anticipated a failing NHS would increase demand for affordable private health cover. The cover is targeted specifically at the over 50s market. The company anticipates its biggest rival will be Saga.
Meanwhile, the PPI offering has been developed following the bad spate of press recently surrounding that type of cover.
Only Insurance is an online-only intermediary and follows on from sister companies Only Loans and Only Finance. The Only Group has been offering a wide range of financial products and services since it was established in 2005, and is rapidly becoming one of Europe’s fastest growing internet-based companies.
Private medical insurance: News update: May 2007
