Tesco to move into medical insurance - report |
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Wed, 10 Jan 2007 08:54
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LONDON - Supermarket group Tesco PLC is to begin selling private medical insurance policies, in its latest attempt to cash in on its dominance in the food retailing market, according to a report in The Independent.The health insurance market, dominated by established firms such as Bupa and Standard Life - was worth 3.2 bln stg in new premium income last year, according to the healthcare analyst Laing & Buisson. But it has been criticised as expensive and difficult for consumers to understand, because the terms of policies vary so much, said the report.The Independent cited a Tesco source who claimed the supermarket group would simplify matters by offering just two levels of cover.Its core policy will provide basic medical insurance, while the premium version will offer additional benefits, such as cover for certain out-patient treatments in hospitals, the paper said.rhys.jones@afxnews.comrj/rarCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Tesco takes on high street retailers with in-store catalogue 