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The conversion is also subject to approval of policyholders.
They can only guess what fraction of policyholders will end up dropping out mid-year.
The number of policyholders for private health benefits rose 37 percent from 2005 to 2011.
Yet thousands of policyholders say they have received only excuses about why insurers will not pay.
Many insurance experts say the ruling strengthens the position of policyholders.
(Aegis has agreed to provide Nationwide a list of policyholders who are using the service).
But the insurers have persistently refused to produce full lists of policyholders.
I'd like to use this post to round up the actual experience of policyholders in the coming weeks and months.
As of Friday, Prudential Annuities has suspended the ability of policyholders with 14 types of benefits to make further contributions.
The Ombudsman has recommended an independent committee to calculate what would be fair for each group of policyholders.
That undermines the whole premise of insurance of spreading the risk over a large number of policyholders".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com