Integra Global
Integra Global has introduced further enhancements to its worldwide iPMI plans, including:
The ability to cover pre-existing conditions.
Life cover for all customers.
A greatly simplified underwriting process for individuals and groups.
Integra Global says it can now cover pre-existing conditions for individual customers and any current members will have previously excluded conditions waived from renewal.
In addition, life cover is now included in all individual and family policies, with up to USD$5,000 on yourHealth and yourFamily plans and $10,000 on Premier Health and PremierFamily plans. Life cover is also included as standard on all group plans, with a USD$5,000 benefit per employee on BA, BW, BM and BC plans, while yourTeam Premier covers up to USD$10,000 per employee.
The final change has been to now accept groups with six or more employees with medical history disregarded (MHD), making the process simpler for small companies looking to cover their staff. Full medical underwriting (FMU) is now only necessary for groups with 3-5 employees.
Integra Global says the plan improvements follow its decision to implement MGEN as the underwriter for its worldwide health plans.
Comment: When considering the needs of expats, it’s all too easy to start and end at iPMI. So, adding in a small element of life cover should help both advisers and customers to consider this important protection need too. Covering pre-existing conditions is also valuable, although it is likely to increase claims (and so, ultimately premiums) too.
Plus points: Ability to cover pre-existing conditions for old and new customers; Built-in life cover; Underwriting improvements.
Not so plus points: Some customers may already have sufficient life cover; Covering PECs may increase claims costs; As may lighter underwriting .
Website: http://www.integraglobal.com.
Rating (max 10): Innovation: 8. Overall: 8. Gold
Tags: iPMI; Integra Global