Money and Mental Health calls on Government

Make premiums fairer for those with mental health conditions

Cameron Roberts
clock • 2 min read

The Money and Mental Health Policy Institute, Martin Lewis' charity, has issued five action points for the next UK Government to make insurance pricing fairer for those with mental health conditions.

The charity pointed to research it had conducted into policies for those with mental health conditions, which showed those with stable or historic faced higher premiums, reduced cover or a refusal of cover. The same research showed that more severe conditions resulted in even higher premiums, it should that those with bipolar disorder could be charged up to 27 times more for insurance than someone without a mental health problem. Helen Undy, chief executive, Money and Mental Health Policy Institute, said: "People with mental health conditions can face significant barriers to using fin...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Two senior hires for SBG

Two senior hires for SBG

Catherine Darroue and Rebecca Luter join

Cameron Roberts
clock 20 November 2024 • 1 min read
The science of a question

The science of a question

Using behavioural science for better disclosures

Tim Hogg
clock 20 November 2024 • 3 min read
LifeSearch partners with homebuyer broker

LifeSearch partners with homebuyer broker

Team-up with Bojo Media

Cameron Roberts
clock 19 November 2024 • 2 min read