About Clerical Medical Insurance

Established in 1824 to sell insurance policies, Clerical Medical is currently a subsidiary of United Kingdom’s largest financial group also known as Llyods Banking Group. It has been providing world- class retirement solutions and financial planning products along with insurance policies for a long time now. Clerical Medical believes in providing consistent and dependable service to the customers along with complete satisfaction. As a part of the Llyods Group, Clerical Medical currently serves over thirty million people. Clerical Medical aims to become the top financial group of United Kingdom in alliance with Llyods through their strategy to deliver affordable and value for money products.

The services and products offered by Clerical Medical include individual pensions, investments, ISAs, income drawdown and insurance policies.

The pension plans include the individual and the stakeholder’s plan in which one can make regular contributions from as little as fifty pounds, option to vary the amount paid at any time along with the facility to transfer money from the pension scheme of any other pension provider.

The income drawdown scheme offers to withdraw income from the income pot and keeping the pension trust invested under tax rules along with the provision of withdrawing a tax- free sum worth 25% of the fund value.

Clerical Medical also offers the investment bond scheme, which includes an element of life protection, providing the customer with capital growth potential for a specific period of up to six years. Additional benefits include additional payments of up to one thousand pounds at a time, five per cent tax deferred income per year and advise from the leading investment experts of United Kingdom at no extra charge.

The Discounted Gift & Income bond is a utility provided along with discounted income and gift plan which allows the consumer to establish a trust to provide him with a regular income for whole life.