Impartial reviews on the latest products and how they can impact consumers.
May 2014 Allianz: iPMI
Allianz Worldwide Care’s new iPMI plan is designed for employees of European institutions, giving them cover which is supplementary to the EU’s Joint Sickness Insurance Scheme (JSIS). That scheme reimburses members for around 80% of their eligible medical expenses. EuroSanté offers cover for medical costs which are not reimbursed by the JSIS scheme. The plan offers three cover levels and pays the difference between what JSIS pays and the actual cost, subject to the plan’s overall annual limit: Optimum. Covers both in/day and outpatient treatment and includes dental treatment (limited to €800 for the first two years). Equilibre. As Optimum…
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April 2014 Cigna: Dental
Cigna has introduced two new options and increased some of the benefits it offers on its group dental insurance policy OralHealth. In fact, Cigna offers two dental plans for employers, with this being the simpler version and DentaCare offering the more traditional list of how much it will pay for each specific treatment listed in a schedule. Two new benefit levels have been added to Oral Health, taking total options to five. Level 1 is a new low cost option for members who use an NHS dentist. Level 4 offers benefits between what are now levels three and five. Clients…
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April 2014 AXA PPP healthcare: iPMI
The Islands Health Plan is AXA PPP International’s international private medical insurance (iPMI) policy for those who live or work in the Channel Islands or Isle of Man. It is available to individuals and to SMEs (essentially, schemes with fewer than 150 members - above that a bespoke scheme is the preferred route). Four versions of the plan are available – Core, Classic, Premier and Ultimate. • Core pays for surgery and hospital charges; parental accommodation; brain and body scans and includes cancer cover. There is a choice of hospitals and the plan also includes ambulance transport and transportation benefits.…
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April 2014 Ageas Protect: Term
Ageas Protect Relevant Life Insurance Ageas has entered the RLP market, offering relevant life insurance for employees outside a group scheme, but still allowing both employer and employee to benefit from tax reliefs. The employer and the employee must both be resident in the UK. The policy pays a lump sum on death or terminal illness. The latter is defined as life expectancy being less than 12 months, as certified by the treating consultant. There is no final year exclusion. The plan can last to age 75 and is available to employees aged 17-74, with a maximum age at entry…
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March 2014 Berkeley Alexander: ASU
Mortgage Lifeline from Berkeley Alexander is a monthly renewable ASU (accident, sickness and unemployment) product designed to cover mortgage repayments (or mortgage payment protection insurance if you don’t mind using the letters PPI!). Premiums are age-related and rates start at £2.15 a month per £100 of monthly benefit. Age range is 18-64 at outset. The plan is underwritten by Jubilee Insurance, Lloyd’s Syndicate 5820, and is managed by Compass Underwriting Ltd. Maximum benefit is £1,750 a month and this can be up to 150% of the customer’s monthly mortgage payment, to cover some non-mortgage costs too. The plan includes a…
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