Helping a Company Significantly Reduce Their PMI Premiums Whilst Maintaining Benefits
What was the situation?
We were approached by a London-based company that was facing a significant issue with their Private Medical Insurance (PMI).
What was the issue?
Despite a low volume of claims, their annual renewal premiums were skyrocketing beyond sustainable levels. Over a span of just three years, their premiums increased by nearly 54%, causing financial strain as they rose from £13,000 to £20,000.
What was the process?
The company turned to LDN Finance for help. We knew the importance of cost savings but wanted to maintain the existing staff benefits. In order to compare the products available, we conducted a thorough review of their PMI portfolio.
Armed with the client’s requirements, we approached various insurers to explore options that could offer the same level of benefits at a more competitive price.
What was the solution?
In assessing suitable products, we successfully reduced their annual premium from £20,000 to £14,000 – a substantial reduction.
The savings allowed the company to introduce an additional death in service benefit for their employees, which not only enhanced staff morale but also provided an extra layer of protection for their families.
Lending solutions with LDN Finance
Are you looking for a personal or business protection policy to cover you and your family should the unthinkable occur? At LDN Finance, our extensive panel of insurers mean that we can comprehensively assess your requirements, and find an insurer who will bespoke a policy to cover your needs.
Contact us to speak to our of our protection advisers today.
Need competitive protection solutions?
We can help.
Whether you are looking for critical illness cover, key person insurance, trust advice or one of the many other protection products offered, your LDN Finance adviser will listen to your unique personal, business and financial circumstances to tailor a bespoke protection policy that secures your immediate financial future.
Testimonials
Our happy clients
As a returning customer, I would like to express my sincere thanks to the team for their outstanding support during the completion of my property purchase. In particular, Catherine and Darren have been incredibly helpful throughout the process. Their communication, professionalism, and customer service have been absolutely excellent, making the entire experience smooth and reassuring. Many thanks again for all your hard work.
My fiancée and I were recommended to LDN Finance when we started our mortgage journey, and the service we have received, and continue to receive, has been outstanding throughout. Phil Levesley initially looked after us and made what can be a very daunting process feel straightforward and easy to understand. He took the time to explain everything clearly, never rushed us, and was always happy to answer any questions we had. Nothing ever felt like too much trouble. As part of the process, we also wanted to explore a number of protection policies, and Phil introduced us to his colleague,
Owen was absolutely amazing and supported me every step of the way throughout the mortgage process. He was always clear, patient, and incredibly reassuring, making what could have been a stressful experience feel smooth and manageable. Bharathy was also really helpful, promptly getting in touch and making sure all the relevant information was handled efficiently. I couldn’t be happier with the service and would highly recommend them both. Five stars without hesitation.
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