Holloway Friendly Income Protection UK
Explained by an independent adviser
Holloway Friendly Income Protection UK
Holloway Friendly is a specialist mutual insurer offering one of the most distinctive income protection products in the UK market. Their unique ‘Holloway plan’ combines income protection with a built-in savings element — meaning part of your premium builds up a personal savings pot that is returned to you if you don’t claim. As an independent adviser, we can tell you honestly whether this is the right fit for your circumstances.
Written by Ben Tomlin, Financial Adviser · FCA No. 1038034 · Last reviewed June 2026
▶ In plain English — who are Holloway Friendly?
Holloway Friendly have been around since 1875 and are based in Redditch, Worcestershire. They’re a mutual insurer — owned by their members, not shareholders. What makes them genuinely different is their ‘Holloway plan’: a type of income protection where part of your premium goes into a personal savings pot. If you never claim, you get that money back. If you do claim, it can top up your benefit. It’s a unique product that doesn’t exist anywhere else in quite the same form.
As an independent firm, we’re not tied to Holloway Friendly. If they’re the best option for your circumstances, we’ll tell you. If another provider offers better terms, we’ll tell you that too.
On this page
How Holloway Friendly income protection works
Holloway Friendly offer income protection that replaces a proportion of your income if you’re unable to work due to illness or injury. What makes their product unique is the built-in savings element — the ‘Holloway plan’.
Step 1
You pay your premium
Your monthly premium is split between the cost of your income protection cover and a contribution to your personal savings pot. The split depends on your age, occupation and the benefit level you choose.
If you claim
Your income is replaced
If you’re unable to work due to illness or injury, Holloway Friendly pay your agreed monthly benefit after the deferred period. Your savings pot can also be used to supplement your benefit payments during a claim.
If you don’t claim
Your savings are returned
If you reach the end of your policy without claiming, the accumulated savings pot is returned to you. This is a unique feature — most income protection policies pay nothing back if you never claim.
Founded
1875
Structure
Mutual
Based in
Redditch, Worcs
Unique feature
Savings element
The savings element — what makes Holloway different
The built-in savings element is what sets Holloway Friendly apart from every other income protection provider in the UK market. Here’s what you need to know.
Part of your premium saves, not just insures
Unlike standard income protection where your entire premium pays for cover, the Holloway plan splits your premium — part covers the insurance, part builds a personal savings pot in your name.
Money back if you don’t claim
If you reach the end of your policy without making a claim, the accumulated savings pot is returned to you. This is a genuinely unique feature — most income protection policies return nothing if you stay healthy.
Savings can supplement claims
During a valid claim, your accumulated savings pot can be used to top up your monthly benefit payments — providing additional financial support at the time you need it most.
Is it right for everyone?
The Holloway plan is a distinctive product but it’s not automatically the best choice for everyone. The savings element means premiums can be higher than a standard income protection policy for the same benefit level. As independent advisers, we compare the full cost and value against all other providers before making a recommendation.
Holloway Friendly for the self-employed
Holloway Friendly’s income protection is well suited to the self-employed, offering own-occupation definitions and flexible benefit structures. The savings element can be particularly appealing to self-employed individuals who want to feel they’re getting value from their policy even in years when they stay healthy and don’t claim.
If you’re self-employed, a contractor or a freelancer, income protection is arguably your most important financial protection — there’s no employer sick pay to fall back on. Holloway Friendly is one of several specialist providers we compare for self-employed clients, alongside The Exeter, British Friendly and Cirencester Friendly.
A mutual with 150 years of history
Holloway Friendly was founded in 1875 and is based in Redditch, Worcestershire. As a mutual insurer, it is owned by its members rather than external shareholders — meaning profits are reinvested for the benefit of policyholders rather than paid out as dividends.
The ‘Holloway’ name comes from George Holloway, a Victorian-era social reformer and MP who championed the friendly society movement as a way for working people to protect themselves against the financial impact of illness. The Holloway plan carries on that tradition today.
1875
Year founded
Mutual
Member-owned
Redditch
Worcestershire HQ
Why use an independent adviser for Holloway Friendly?
The Holloway plan is a distinctive product — but it’s not automatically the right choice for everyone. The savings element means premiums can be higher than a standard income protection policy for the same benefit level. As independent advisers, we compare the full cost and value of Holloway Friendly against The Exeter, British Friendly, Cirencester Friendly, Royal London, LV= and all mainstream providers before making a recommendation.
Our advice is independent, FCA-regulated, and free of charge at the point of advice. We are paid by commission from the insurer if you proceed — which we will always disclose clearly.
Other specialist income protection providers
We compare Holloway Friendly against all of these and more.
The Exeter Income Protection Explained
Specialist mutual insurer with strong own-occupation income protection for the self-employed.
Royal London Protection Explained
A fellow mutual insurer with strong income protection and the Helping Hand added-value service.
LV= Doctor Services Explained
Another mutual insurer with strong income protection and added-value GP and wellbeing services.
Get Independent Income Protection Advice
Not sure which provider is right for you? Send us an enquiry for an honest, whole-of-market view.
Independent advice, available across the UK
That’s Family Finance provides independent protection advice to families and individuals across England, Scotland, Wales and Northern Ireland. Whether you’re in London, Manchester, Birmingham, Leeds, Bristol, Sheffield, Edinburgh, Cardiff, Glasgow, Essex or anywhere in between, we work with you remotely or in person to find the right cover for your circumstances.
We advise on Holloway Friendly alongside all other major protection providers including The Exeter, Royal London, LV=, Legal & General, Aviva and Guardian.
We are not Holloway Friendly. That’s Family Finance is an independent, FCA-regulated firm (No. 1038034).
Want to know if Holloway Friendly is right for you?
We’re independent and whole-of-market. Send us an enquiry or reach us on WhatsApp for an honest, no-obligation view.
FCA regulated · No obligation · Not tied to Holloway Friendly
Common questions
Questions we’re asked about Holloway Friendly.
What is Holloway Friendly income protection?
Holloway Friendly offer a unique type of income protection that includes a built-in savings element. Part of your premium builds up a savings pot that is returned to you if you don’t claim, or can be used to supplement your benefit during a claim.
What makes Holloway Friendly different from other income protection providers?
Holloway Friendly’s income protection includes a savings element — a portion of your premium accumulates in a personal savings pot. This is a unique feature not offered by most mainstream income protection providers.
Is Holloway Friendly a mutual insurer?
Yes. Holloway Friendly is a mutual insurer, meaning it is owned by its members rather than shareholders. Profits are reinvested for the benefit of members.
Is Holloway Friendly good for the self-employed?
Yes. Holloway Friendly’s income protection is well suited to the self-employed, offering own-occupation definitions and flexible benefit structures. The savings element can also be particularly appealing to those who want value from their policy even if they don’t claim.
What is the Holloway plan savings element?
The Holloway plan includes a personal savings account element where a portion of your premium accumulates over time. If you remain claim-free, this pot is returned to you at the end of the policy. During a claim, it can be used to top up your benefit payments.
How do I access Holloway Friendly income protection?
Holloway Friendly products are available through FCA-regulated independent financial advisers. As a whole-of-market adviser, That’s Family Finance can access Holloway Friendly alongside all other major UK income protection providers.
The savings element of the Holloway plan is subject to the terms and conditions of the policy. Always refer to Holloway Friendly’s own policy documentation for full details of how the savings element works, including any charges, conditions and how the fund is managed.
We are not Holloway Friendly. That’s Family Finance is an independent, FCA-regulated firm (No. 1038034). This page contains information about Holloway Friendly’s products based on their published materials at the time of writing. Always refer to Holloway Friendly’s own documentation for the most current details. Holloway Friendly Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.