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Federation insurance schemes to increase

  • Posted On 28 Sep 2016

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    Group Insurance, Insurance


    As you may be aware, the Government announced recently that the standard rate of insurance premium tax (IPT) will be increased from 9.5% to 10.0%.  Due to this, your monthly premiums to the Federation insurance schemes will increase with effect from 1st October 2016.


    For details of the changes in premium, please see below:

     

     

    Serving Officers

     

    Scheme                                Current premium             Premium as of

                                                                                        1st October 2016

     

    Sick Cover                           £4.48                                     £4.49

    Package scheme              £24.01                                   £24.04

    Package scheme              £29.88                                   £29.91  

    Inc. Partner

    Package exc Travel          £20.10                                   £20.13

    Package exc Travel          £25.97                                   £26.00

    Inc. Partner       

    New Recruits 2nd Year    £13.56                                   £13.58

    New Recruits 2nd Year    £18.41                                   £18.44

    Inc. Partner       

    Package inc. Partner       £8.13                                     £8.14  

    & Partner Sick Cover

     

     

    Retired Officers

     

    Scheme                                Current premium             Premium as of 1st October 2016

     

    Package scheme              £24.07                                   £24.09

    Package scheme              £32.39                                   £32.41

    Inc. Partner

    Legal scheme                     £2.27                                     £2.28

    Over 65 scheme               £16.49                                   £16.51

    Over 65 scheme               £26.64                                   £26.66

    Inc. partner

    Over 70 scheme               £9.20                                     £9.24

    Over 70 scheme               £13.29                                   £13.34

    Inc. Partner

     

     

    Police Staff

     

    Scheme                                Current premium             Premium as of 1st October 2016

     

    Package scheme              £29.05                                   £29.09

    Package scheme              £37.96                                   £38.02

    Inc. partner

    Over 65                                £23.85                                   £23.88

    Over 65                                £33.37                                   £33.41

    Inc. Partner

     
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