Impartial reviews on the latest products and how they can impact consumers.
September 2013 ESMI (Essential Supplementary Medical Insurance ): Other
ESMI stands for Essential Supplementary Medical Insurance and is the new organisation founded by ex AMII chairman and Perfect Health CEO Andrew Tripp. The company has launched a range of five new products: • Sick Pay. This annually renewable plan is available to UK residents aged 18-60 and pays a monthly benefit for up to six months if the customer is unable to work for more than 30 days due to illness or accident. Two levels of cover are available—Level 1 (£1,500 a month) or Level 2 (£1,000pm). A 3/2/2 year rolling moratorium excludes pre-existing conditions. • Every Day. This…
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September 2013 Cigna: iPMI
Cigna’s Global plan is an international modular health insurance suite of products for individuals. There are three versions – Silver, Gold and Platinum. Each plan offers international medical insurance core cover which pays for inpatient and daypatient hospital care, specialist consultations and cancer care. The maximum annual benefit is $1m, $2m or $3m for each of the plans (or the £ or € equivalents). The Platinum plan pays in full for most benefits, while the others have more limits such as on parent accommodation, advanced medical imaging and home nursing. To the core cover, customers can add any of the…
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September 2013 British Friendly Society: IP
Breathing Space is British Friendly’s new simplified income protection plan, which is available only through financial advisers. The new plan offers: • No financial underwriting—either at application or at claim stage. • A long term contract (rather than annually renewable) that offers benefits up to age 65. • Pays benefits for up to one, two or five years only per claim. • Four week deferred period. • Claims are paid weekly. • The maximum insured benefit is £250 a week. • Own occupation cover is available for all customers, but cover is not available at all for some occupations. These…
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September 2013 ALC Health: iPMI
ALC Health has introduced two new versions of its Prima international private medical insurance product. Prima Concept is a budget plan offering basic healthcare cover. The annual maximum benefit is $1,875,000. but other currencies are also available. Inpatient cover is predominantly full refund, but psychiatric cover is limited to 30 days a year and home nursing to 12 weeks. Many outpatient treatments are covered in full, albeit with limits on physiotherapy ($2,250), chiropody ($375), complementary treatments ($2,250), traditional Chinese medicine ($750) and optical benefits ($195). Innocent bystander cover, AIDS (HIV), emergency clean blood transfusion service and hazardous activities are also…
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August 2013 LV=: IP
LV=‘s third policy claims to be the first of its kind. It is a simplified income protection plan designed for people aged 17 to 45. The plan pays a fixed benefit of £500-£1,000 a month and pays for up to 12 months. Multiple claims can be made under the plan and there is effectively no further financial underwriting at claims stage. Minimum premium is £10 a month. Premiums are guaranteed for the first five years and all conditions covered, except any medical conditions the customer has suffered from in the last two years. Cover lasts to age 70. All but…
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