Health Dept increases broker fees

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

  • On 02 July, 2012
  • posted by
  • in News

The Minster of Health has published a government notice to medical schemes to increase the maximum fees payable to accredited brokers.

The notice appeared in the Government Gazette on 26 June, but took effect from 1 May. The fee for brokers introducing new members has increased to R69, plus VAT, or three per cent (including VAT) of the member’s contributions, whichever is the lesser amount.

Echelon’s research has revealed that intermediaries have a preference to entrust their clients with well-capitalised insurers. This need for security was further highlighted in an international survey by the New York Centre for the Study of Financial Innovation in 2009.

Echelon’s value proposition ultimately endorses the intermediary’s expertise in client risk management – and advocates the importance of broker expertise and representation for policyholders.

Our claims handling and new business service reputation has been recognised as being “at another level”. In a competitive market this offers our contracted intermediaries greater confidence in portfolio growth and client retention.

By choice, we only partner with select brokers, and simultaneously endorse the values of independent advice and personalised broker representation for policyholders. If you have a preference for a personalised and high touch service model, and have access to our target market, please contact us.

This content is restricted to site members. If you are an existing user, please login. Not a member yet? Register Now.

Existing Users Login
 Remember me  

This post is password protected. Enter the password to view any comments.