Dear Broker,
As you will be aware, Insurance Premium Tax (IPT) is increasing from 10% to 12% on 1st June 2017. This will impact the premiums on all of our plans.
Individual PMI Regional Plus and Lifestyle Protector premiums
On the Broker Portal, when you enter a start date of 1st June 2017 or beyond, the calculator will automatically give you a premium inclusive of 12% IPT. Click here to access the Broker Portal.
‘inSpire’ PMI individual premiums
Our existing inSpire PMI plan will be available for start dates of up to 31st May 2017. For policies that need to start from 1st June 2017 onwards, we have a new postcoded version. Full details about this policy will follow in the next few days.
SME PMI (inSpire and Standard) premiums
On our SME PMI calculator, when you enter a start date of 1st June 2017 or beyond, the calculator will automatically give you a premium inclusive of 12% IPT. This change will be live from 2nd May. Click here to access the SME PMI calculator.
Personal Accident and Medical Cash plan premiums
You will find premiums inclusive of 12% IPT for these plans in the updated brochures in our Literature Library. Be sure to use these for plans with start dates of 1st June 2017 or beyond.
If you have any questions, please do not hesitate to contact your Business Development Manager, or our Broker Support Team on 0800 073 5330.
· Jo Wood – 07711 350097, JoW@april-uk.com
· John West – 07540 111139, JohnWest@april-uk.com
Best regards,
Oliver Jones
Head of Intermediary Sales
Tel: 07885 979308
Email: OliverJ@april-uk.com
Support AMII’s petition to make health insurance exempt from IPT
The Association of Medical Insurers and Intermediaries (AMII) is calling on people to support this petition for healthcare insurance to be made exempt from IPT in the UK – helping more people protect their health and reducing strain on the NHS.
Sign this petition to help healthcare insurance be part of the solution to the growing health crisis: https://petition.parliament.uk/petitions/193353
