Impartial reviews on the latest products and how they can impact consumers.
July 2020 Pulse: Term
Pulse Insurance was established in 1998 and helps insure people usually declined for life insurance and other covers by other insurers. Pulse usually works directly with a specialist underwriter at Lloyd’s and/or with FCA regulated UK insurers. This cover for individuals has been developed with boutique Liechtenstein life insurer Quantum Leben AG. Maximum term is ten years and maximum cover is usually up to £790,000 (€890,000). The plan is initially targeted at individuals unable to obtain cover from the standard market due to their health issues. Pulse is also offering dedicated cover for potentially exempt transfers and gift inter vivos…
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July 2020 Legal & General: CI
Legal & General (L&G) has added a number of new support services to its group critical illness (CI) cover products. The enhancements are available at no extra cost and are provided through L&G’s partnership with healthcare services provider MEDIGO. The new add-ons are: A second medical opinion. Insured employees and their immediate family members can get their diagnosis and/or treatment for almost any condition reviewed by leading medical experts. A specialist doctor (or a team of specialist doctors) from a leading medical institution with expertise in the diagnosis and treatment of the specific disease will either confirm the diagnosis and/or…
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June 2020 Aetna International: iPMI
Aetna International has partnered with Wysa – to offer a free mental health wellbeing app to its international medical insurance customers. Launched during the Covid-19 crisis, the timing is particularly appropriate, as people struggle to deal with new situations and do so without the support of traditional non-distancing help. The app is on top of recently enhanced member resources including the virtual health offering vHealth and the Aetna EAP (employee assistance programme). Wysa offers four key benefits: An AI driven bot (programmed by therapists and learned from over 1.5m global users), which provides natural language conversational mental wellbeing support 24/7.…
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May 2020 Integra Global : iPMI
Underwritten by MGEN, with claims administered by Medical Administrators International (MAI), Integra Global has launched two new international health plans (iPMI). Both are available for individuals and for groups. The basic plan, InCare Life, includes comprehensive hospitalisation and rehabilitation benefits, plus 24/7 emergency medical assistance, life cover and mental health benefits. The maximum annual and lifetime benefit is $1m. The higher priced InCare Premier has a greater overall policy limit ($1.25m a year and $2.5m lifetime), plus private room cover and increased accidental death and dismemberment cover. On both plans the focus is on in and daypatient cover, consequently neither…
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May 2020 Aegon: IP
Aegon UK has updated its income protection proposition and the main change is a new two year option on its personal and executive income protection plans. In addition, the insurer has improved the personal IP replacement ratio from a flat 55% to a tiered ratio based on income. There is a lump sum death payment of £5,000 now on personal IP plans too. Accidental death benefit is available on all personal benefits (except gift inter vivos). On business benefits that include IP (except key person and executive), it is increased from £250,000 to £300,000 and from 60 days to 90…
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