Impartial reviews on the latest products and how they can impact consumers.
October 2015 AIG: iPMI
AIG has launched an individual version of its Expatriate Care international private medical insurance (iPMI) plan. AIG has partnered with European medical plan administrator Henner to provide what it calls a ‘truly global expatriate programme that offers superior medical care and straightforward administration’. That includes access to Henner’s network of more than 35,000 medical providers in more than 160 countries, with discounts and direct billing arrangements available. Where the customer is in a unique location, they may request that a local provider be added too. Customers also have access to Medical Second Opinion, which provides an additional consultation with an…
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October 2015 Cigna: iPMI
Cigna Africa is a new international private medical insurance (iPMI) policy for expat employees of multinational companies with African offices. The plan combines Cigna’s local experience and facilities, global medical network and ongoing commitment to investments in Africa. CignaAfrica offers a choice of five cover levels: CoreCare (the basic plan); StandardCare; EssentialCare; Executive Care, and EliteCare (the most comprehensive plan). The policies have maximum annual benefits that vary from $50,000 per policy year to $6 million per policy year, depending on the plan version chosen. Each plan covers inpatient and outpatient treatment in a private room (with limits on CoreCare,…
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October 2015 Bright Grey: CI
Bright Grey has brought in a number of changes to its existing critical illness plans. The changes include: A new full payment condition, spinal stroke, has been added. The Parkinson’s disease definition has been improved and is now ABI+ status. The multiple sclerosis definition has been simplified. Both the breast cancer and prostate cancer definitions have been improved. Changes and improvements have been made to various other full payment and severity definitions. These include to those for aplastic anaemia; benign brain tumour; cancer; coma; heart attack; multiple sclerosis; stroke and children’s critical cover. The maximum payout under the severity definitions…
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October 2015 Canada Life: CI
In the UK, Canada Life is best known for its group risk business, although it does offer an individual whole life plan too, through its international arm. Now it is launching onshore term and critical illness cover with four plans that cover term (level or decreasing) with or without critical illness (CI) cover. Looking at the CanProtect Level Term Plus plan, this product pays: A lump sum on death during the chosen term or becoming totally and permanently disabled. The same lump sum on being diagnosed with a terminal illness where the life expectancy is less than 12 months (this…
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September 2015 Wesleyan: PMI
Website http://www.wesleyan.co.uk Wesleyan has successfully targeted the professional market in recent times and its new income protection plan has been specifically tailored to the needs of medical, dental and legal workers. The plan’s main features include: An own occupation disability definition. Benefits can be payable to a selected retirement age or for up to 2-5 years only. The maximum benefit is £2,600 a week for doctors, dentists and lawyers and £1,400 a week for other professionals. For annual incomes up to £150,000 a year, the maximum benefit is 55% of pre-claim income. Above that it is £82,500 plus 40% of…
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