Leading cash plan provider Medicash has today announced record sales figures following a strong year in the corporate cash plan market.

2017 saw sales of new policies reach over 70,000, an increase of 36% on the previous year, taking the total number of policyholders to 227,255. Over 90% of all new policies sold were company paid. This record-breaking year follows six solid years of consecutive membership growth for Medicash.

A string of high profile new business wins boosted sales significantly, with over 350 new corporate accounts added, including large employers McCain’s and Caffé Nero.

Medicash sales and marketing director, Paul Gambon, said:

“It’s great to see that more companies are realising the benefits of investing in the health and wellbeing of their workforce. Technology has continued to play a significant role in the success of our business with over 110,000 claims being submitted via our app and online claims portal in 2017. Both employers and employees place great value in being able to manage their policies on the move.

“We now expect to see a surge in interest in our products with the spring launch of our new online GP and pharmacy services in partnership with Now Healthcare Group. Forging alliances with key partners is an ongoing commitment that we will continue to focus on throughout 2018.”