A deal between Exeter and parent company OneFamily was signed on July 9, meaning it will acquire over 28,000 policyholders in both individual and corporate schemes.
Exeter said existing policyholders won’t be affected by the move, while they will be informed of new contact details in due course.
Andy Chapman, the chief executive of Exeter Family Friendly, said: “We have ambitious growth plans and as a mutual, we share OneFamily’s dedication to customers.
“We’re committed to delivering real value whilst continuing to distribute new policies and develop new products.”
Simon Markey, OneFamily’s chief executive, said: “Following the merger of Engage Mutual with Family Investments to become OneFamily, it makes sense for us, at this time, to dispose of this small part of our business.
“We believe it is the right decision for our members and we are confident that our existing health customers will continue to be well served by Exeter Family.”
