Healthcare
Deposit Account
Summary of changes with effect from 1st February 2010
For professional use only.
Please read in conjunction with the ‘Your policy explained’ document.
Individual Healthcare Deposit Account
Old policy
50% of premium went to National Friendly and 50%
went into the member’s personal deposit account
Dental and optical were included as standard benefits
The premium was fixed for the life of the policy
Top-up was available for 10 years, at either £10 per
month for £30,000 of cover or £15 per month for
£45,000 of cover – this was not renewable
Under the age of 65 the member paid 10% towards
the cost of a claim from their deposit account. Over
65 they paid 25% towards the cost of a claim
New policy
75% of premium goes to National Friendly and 25%
goes into the member’s personal deposit account
No dental and optical benefits available
The premium is fixed for 5 years, after which
premiums will be community rated
Top-up is available for 10 years, at £10 per month
for £30,000 of cover, £15 per month for £45,000
of cover or £20 per month for £60,000 of cover. It
is renewable after 5 years, however this will be re-
underwritten against community rates
No change in own share
Continued
Group Healthcare Deposit Account
Old policy
50% of premium went to National Friendly and 50%
went into the member’s personal deposit account.
When the member left the scheme any money left in
the deposit account reverted back to the company
New policy
75% of premium goes to National Friendly and 25%
goes into the member’s personal deposit account.
When the member left the scheme any money left in
the deposit account reverts back to the company

The premium was fixed for the life of the policy and
each employee completed an application form if
choosing switch terms
Top-up was available for 10 years, at either £10 per
month for £30,000 of cover or £15 per month for
£45,000 of cover – This was not renewable
The premium is fixed for 5 years, after which
premiums will be community rated, the company
secretary can now sign “to the best of their
knowledge”
Top-up available for 10 years, at £10 per month for
£30,000 of cover, £15 per month for £45,000 of
cover or £20 per month for £60,000 of cover. It
is renewable after 5 years, however this will be re-
underwritten against community rates

Dental and optical were included as a standard benefit No change

Up to the age of 69 the member paid 10% towards the No change

cost of a claim from their deposit account

Signing up the group

For moratorium underwriting, or individually completed full medical or CPME declarations signed by employees, the group
must consist of a minimum of 3 employees

Company secretary sign off

If the most convenient form of underwriting is a single signature from a company secretary or HR representative, we will
accept groups of 5 to 50 employees

To find out more about this and other products or to request an agency with National Friendly
call us on:

0800 970 3703

(8am-6pm weekdays, calls are recorded for quality purposes)
Email intermediary@nationalfriendly.co.uk
www.nationalfriendly.co.uk/intermediary

National Friendly
Registered office: 4-5 Worcester Road, Clifton, Bristol BS8 3JL
Tel: 0117 973 9003 Fax: 0117 980 9358 Email: enquiries@nationalfriendly.co.uk
National Friendly is a trading name of National Deposit Friendly Society Limited.
Incorporated and registered friendly society no. 369F.
Authorised and regulated by the Financial Services Authority. Registration no. 110008.

www.nationalfriendly.co.uk
01/10 NF317