Private healthcare insurance provider April UK is to withdraw from the market. The company will not accept renewals, or write any new business and a spokesperson for April UK has told the press that the change is due to a partner deciding not to accept the risks of the PMI portfolio.
April UK has said that support will be available to policyholders during a transition phase.
Brian Walters at Regency Health brokerage told the media that;
“Clients will probably want cover placed elsewhere, rather than wait until the expiry of an existing policy. As things stand there are serious implications for those whose medical circumstances make it difficult to change insurers.”
Stuart Scullion, Chair of the Association of Medical Insurers said,
“Stay calm and seek independent advice. We are surprised that April UK has withdrawn from the PMI market. Those who are claiming, or about to claim, face uncertainty regarding their future cover, so we would encourage people to seek impartial advice at the earliest opportunity. It is worth visiting www.amii.org.uk to find advice from one of our expert 125 intermediaries, located throughout the UK.”