Tesco set to shake up PMI market - papers 10 Jan

It is Tesco's first foray into health insurance and in partnership with AXA PPP Healthcare it will offer products up to 32% cheaper than comparable ones already available. The supermarket giant described its products as combining value and simplicity and, as customers under 76 will not have to answer medical questions, they will be easy to buy. To keep the application process short, Tesco will use "moratorium underwriting", which means the policy will not cover any condition where the customer has sought advice, medication or treatment in the three years before joining the plan, says th...