With many non-urgent medical procedures being postponed during the coronavirus pandemic, and private hospitals being used by the NHS for coronavirus treatment, private medical insurers have generally paid out far less in claims over the last few months.
And several other insurers – including Axa, Bupa, The Exeter and Saga – have also committed to passing on any resulting extra profits to their customers.
But while these insurers are generally saying they’re waiting to see the full financial effects of coronavirus before compensating customers, WPA is already paying out.
The second set of rebate payments will be worth around £3.7 million in total, which is a similar amount to the original rebates paid in April.
As an example of how much the 40% rebate would be worth, WPA says a 40-year-old living in Reading and paying £82.99 per month for comprehensive cover will receive a £35 rebate.
See our Coronavirus Finance & Bills guide for more info on support available for other financial products.