Impartial reviews on the latest products and how they can impact consumers.
November 2011 ASDA: Term
ASDA Instant Life Cover, underwritten by Ageas Protect, is a guaranteed acceptance term assurance policy for UK residents aged 17 to 50 at outset and provides cover up to 65th birthday only. No health questions are asked at outset and terms are dependent on age, gender, smoker status and premium level chosen only. Three premiums levels are available—£5, £10 or £15 a month—and no customer can pay more than £15 a month (although they could, say, have a £10 a month plan now and add a £5 a month plan later on). Unlike guaranteed acceptance plans for older people, this…
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October 2011 AMII: Other
AMII has launched a travel insurance policy for its members through All Clear Insurance Services, which is a specialist in travel insurance and has been in this market for over ten years. AMII (Association of Medical Insurance Intermediaries) was established in 1998 as a trade association for independent medical insurance advisers based in the UK. The plan is underwritten by Optimum Underwriting Ltd, underwriting agents for Groupama Insurance Company Limited. Assistance services are provided by FirstAssist. The annual or per trip travel insurance policy has no upper age limit for single trips and covers all destinations. Individuals or up to…
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September 2011 ALC Health: Other
ALC Health’s new plan is a travel insurance product aimed at all EU (European Union) residents, regardless of their nationality. There is a choice of two core plans (Gold and Silver), which offer different levels of cover e.g. Gold has an emergency medical expenses limit of £12.5m, Silver has a limit of £6.25m. Cover is typical for this type of product, with the option to add on golf and winter sports packages. Cover can be single trip (up to 100 days) or multi-trip and customers can choose from three geographic areas. Each plan also includes as standard, travel cover between…
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September 2011 Perfect Health Cash Plans: HCP
Perfect Health is a specialist independent broker based in Hatfield, Herts. This plan is arranged by Compass Underwriting and underwritten by UK General Insurance (Ireland) Limited. Perfect Health is marketing this health cash plan to other intermediaries, effectively creating a choice to the more traditional insurer model. The plan offers a choice of four cover levels (Level 1, Level 2, Level 2 Plus and Level 2 Plus Plus). The top two include a short term ‘income protection’ benefit (short term accident and sickness rather than long term IP). Plans are available both to individuals and to SME businesses. The plan’s…
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September 2011 Freedom Healthnet: PMI
Freedom Healthnet has taken the unusual step of marketing two separate products as part of the same package, with customers able to switch between them as needs dictate. Although the plans are separate, the link is that Worldwide is an international private medical insurance policy designed to appeal to expatriates, while Elite is a UK PMI policy. Worldwide offers three areas of cover (Europe, Worldwide excluding USA and Worldwide) and five cover levels. The maximum annual benefit varies from 500,000 (the same amount in £, US $ or € Euros) for Bronze cover up to 2m for Diamond cover. Unusually,…
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