Ultracare Power Launched For Oil And Gas Industry

UltraCare Power a medical insurance plan especially for the oil and gas industry in Asia has been launched today. The new plan has been developed by international health insurer InterGlobal for brokers with clients in the regional energy sector. UltraCare Power will initially be available in Singapore and eventually rolled out across Asia.

UltraCare Power keeps premium levels highly competitive for workers in the energy industry by focusing on core benefits. Two levels of cover are available, UltraCare Power Select and Power Plus. Both give members and their families access to emergency, hospital and out-patient treatment, when and where it is needed. UltraCare Power Plus also covers dental treatment, wellness benefits and cover for chronic conditions. Emergency medical evacuation and repatriation is available as an option. Most workers have evacuation cover provided by their employers, so making the benefit optional avoids the risk of members paying for a benefit they do not need.

Alistair Dickman, Country Manager and Chief Executive, InterGlobal Singapore said: “Singapore is an important centre for the oil and gas industry in Asia, with thousands of people involved in onshore and offshore production. They need top quality, affordable medical insurance matched exactly to their working lives. Many work offshore or travel extensively to remote locations. There are also a high number of contractors in the industry which means that people need to be able to access quality cover at an affordable premium without joining an employer’s scheme. “We launched UltraCare Power to give energy workers a real choice when choosing medical insurance. It gives employers, individual contractors and their families the reassurance that they can receive treatment when they need it for a cost effective premium. “The launch of UltraCare Power is great example of our strategy to focus on developing products to meet the exact needs of local markets. When our intermediary partners told us there was a real demand for a competitive oil and gas IPMI plan across Asia, we went all out to develop a plan that fitted the needs of the industry in the region.”

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