Impartial reviews on the latest products and how they can impact consumers.
July 2012 Passport2Health: PMI
The eponymous Passport2Health is a new product and provider, aiming to give private medical insurance (PMI) benefits, but at a lower premium. It can do that by the customer having treatment not in the UK but overseas. As a result, savings of 30-50% are available, it says. Cover costs from £19 a month. The plan is underwritten by Sirius Lloyd’s Syndicate 1945 and administered by Advent Solutions Management Ltd. The concierge travel service is provided by Ten Group and medical aspects of the customer journey are arranged by Europ Assistance Holdings Ltd. Passport2Health is run by CEO Frank Levene (whose…
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July 2012 Allianz: iPMI
Allianz Worldwide Care is an international private medical insurance (iPMI) provider based in Dublin. Part of the global Allianz group, it has now entered the UK PMI market with Signature, which it says is one of the most comprehensive and transparent PMI plans on the market. The plan itself is available in Signature Plus and Signature Prime versions. Key benefits include: Benefit Plus Prime Max annual benefit £5m £2m In/day-patient benefits Full Full Inc psychiatry/psychotherapy £25K Nil Out-patient surgery Full Full Nursing at home £3K £1K Rehabilitation benefit £3K Nil Ambulance/scans/oncology Full Full Complications of pregnancy Full Nil Long term…
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June 2012 Westfield Health: PMI
Westfield Health’s new plan is a company paid (with a voluntary scheme version to be launched soon), community rated major medical expenses (major medex) plan for employees and there is a minimum group size of five employees. The plan pays if the insured employee needs a specified hospital treatment, with a smaller cash lump sum payable if they have free NHS treatment instead. In effect the plan builds on the products previously offered by PatientChoice, which became part of Westfield in 2011. The plan offers two cover options: • Surgery Choices 1. This covers over 60 surgical procedures ( and…
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June 2012 MetLife: Group life
MetLife has relaunched this plan (which is underwritten by parent Alico) to now include the following enhancements: • Registered and excepted policies are both available, giving tax advantages on contributions and benefits. • Maximum age for cover has been extended from age 70 to age 75. • Early retirement cover is available to retirees. • Maximum temporary cover above the free cover limit has been raised from £1.25m to £3m and cover expanded to include all causes, not just accidental death. • Activity at work requirements have been improved. Scheme members now only need to be at work on the…
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June 2012 ALC Health: iPMI
ALC Health has made a number of improvements to its Prima range of international medical insurance plans and increased overall annual limits on its Premier, Classic and Ibérica plans. Main changes are: • Prima Premier’s new annual policy limit has been increased to £2.5m. • The Prima Classic and Ibérica plans’ annual limits have been raised from £1m to £1.25m. • Under all three plans newborn congenital cover is now included as standard with a lifetime limit of £100,000. • Premature birth cover has been added to the Prima Classic and Ibérica plans (previously this has only been available under…
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