Prudential PruProtect 'makes cover more affordable'

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Prudential PruProtect 'makes cover more affordable'

Consumers looking to take out medical insurance may find that Prudential PruProtect offers a simpler and cheaper form of cover, says a spokesperson from the firm.

Deepak Jobanputra, actuarial and product director at the firm, made his remarks after the organisation launched its new health cover optimiser arrangement.

It allows people to combine serious illness and health cover into one package and receive a five per cent discount on what it would have cost to buy those two policies.

Mr Jobanputra suggested this new product could make comprehensive medical cover more affordable for people.

He added: "If someone needs treatment for a serious illness, they could be covered twice for the same thing, which means they could be paying for cover they don't need."

Prudential PruProtect recently revealed it received 12,260 new applications in the first quarter of 2010, up from 4,677 during the same period the previous year.

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