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iPMI Magazine successfully rebranded to iPMI Global in 2023 and has moved to a new home on the internet. To visit the brand new international private medical insurance business intelligence platform, please go to www.ipmiglobal.com

PNB MetLife Forays Into Health Insurance Segment

  • Launches its first benefit based health product – MetLife Major Illness Premium Back Cover;
  • Covers 35 illnesses with a return of premium option;
  • Insurance if one falls ill and assured returns if one stays healthy – Scores over other basic health products in the market as in case of non-occurrence of any critical illness, all the premiums paid back to the policy holder;
  • The only insurance plan in the market that pays customer for staying healthy;
  • Low premium starting Rs 5,958 with a cover of Rs 5 lakhs;
  • Rebates available for high sum assured from Rs 10 – 50 lakhs;
  • Tax benefits are available under applicable tax laws.

The World health Organization (WHO) has identified India as a nation that will have most of the lifestyle disorders in the near future. The population for such diseases is getting younger by the day and more than hospitalization cost, the ancillary expenses linked to the recovery period cripple household finances. Recognizing this pertinent issue, PNB MetLife India Insurance Co. Ltd, today, announced its foray into health segment with the launch of ‘MetLife Major Illness Premium Back Cover’(MMIPBC). As the name suggests, the plan returns all the premiums paid incase there is no claim from the policyholder during the policy term and upon survival. The plan also provides the policyholder with a lump sum amount on diagnoses of any critical illness covered by the policy thereby ensuring that the family has adequate funds to meet the unplanned medical expenses and get the best possible treatment.

Speaking on the launch, Mr. Tarun Chugh, MD & CEO, PNB MetLife said, “MetLife Major Illness Premium Back Cover is the only product in the market which returns all the premiums paid at the end of the policy term incase of no claim and provides cover against 35 critical illnesses. As this is a benefit based plan, the claim process is simpler without the involvement of a third party administrator like in the case of indemnity based health plans. A product like MMIPBCtypically helps a family cover unplanned medical expenses over and above the hospitalization cost. As per market data, only 14% of expenses incurred due to major illnesses is due to hospitalization which is covered by the conventional mediclaim and health plans which means the rest of the 86% of cost is borne by the customers themselves. This is one of the reasons apart from inadequate health care planning that drives people to poverty”

Features of MetLife Major Illness Premium Back Cover

  • A non-linked, non-participating health insurance plan
  • Coverage against 35 critical illnesses
  • Return of premium on maturity, in case of survival and no claim made during the policy term.
  • Guaranteed# lumpsum payout in case any of the 35 critical illnesses diagnosed.
  • Tax benefits as per prevailing tax laws
  • Term of 10 years with an entry age of 18-55 years
  • Rebates available for high sum assured from Rs 10 – 50 lakhs

*for reinstatement cases too

For more information, visit www.pnbmetlife.com

# Terms and conditions apply
Insurance is the subject matter of the solicitation
For more details on terms and conditions, pls refer sales brochure

 

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Cigna Individual Health Plans Go Multilingual

Cigna, a leading international health insurer, is excited to announce the launch of local language sales and service capabilities for their expatriate individual health insurance product range. This move is a milestone in the company's commitment towards expanding its reach globally, particularly towards European and Latin American brokers supporting expatriates moving abroad. This coincides with the combining of forces between Cigna Global Health Options and Cigna expatplus, bringing the strength of a single individual proposition for expatriate healthcare to the broker market.

Phil Austin, Head of Global Individual Private Medical Insurance said, "Launching the Cigna Global Health Options plans in German, French, Dutch and Spanish was the natural next step in demonstrating our commitment to brokers and intermediaries, particularly in the European and Latin American markets."

Chief Operating Officer for Cigna Global Health Options, Jim Bruce, provided some background as to Cigna's decision to harmonise the individual expatriate healthcare proposition, "By combining the strengths of the existing Cigna Global Health Options and Cigna expatplus plans, we have brought a single proposition to the market. Brokers now have one truly global multilingual sales and service proposition bringing clarity and transparency to the market, and demonstrating Cigna's dedication to meeting our customers' and brokers' requirements."

A multilingual support team is now available to assist brokers, maintaining Cigna's commitment to quality service. The team, accessible by phone and email, handle international medical insurance quote requests, setting up policies on behalf of brokers, and ongoing account servicing.

Brokers and Intermediaries who are interested in working with Cigna, please click here to register.

The local language websites in German, French, Dutch and Spanish are:

German: http://de.cignaglobal.com

French: http://fr.cignaglobal.com

Dutch: http://nl.cignaglobal.com

Spanish: http://es.cignaglobal.com 

Related reading: iPMI Magazine speaks with Phil Austin, Head of Global Individual Private Medical Insurance at Cigna

Related reading: Cigna Global Health Options Micro site on iPMIM

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Subscribe To Cigna partnerView

The 1st edition of Cigna partnerView was delivered via email over the last month. Cigna are working with iPMI Magazine, keeping Health Insurance Brokers and Intermediaries up to date with all the latest international health insurance product and partner news.

To subscribe to Cigna partnerView please click here.

Welcome to Cigna partnerView

1st Edition Overview

We looked at the improved and simplified Cigna Individual Health Insurance product range, including 3 brand new products to help Brokers and Intermediaries offer more choice to clients.

We also covered the new range of easy to use marketing literature. The new collateral, designed with brokers, intermediaries and partners in mind, makes it easier than ever to explain the benefits of international health insurance.

Finally we explored Cigna's new approach to online lead generation, through websites and email campaigns.

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Jubilee Insurance and Bupa International Launch a Regional International Private Health Insurance Product

Jubilee Insurance and Bupa International Launch a Regional International Private Health Insurance Product

East Africa’s largest insurance group, Jubilee Insurance and leading international healthcare company, Bupa International, today launched a new international health insurance product dubbed Explorer Health Plan. Explorer will seek to provide health insurance services to the growing middle-class, mid-level executives, and expatriates living in Kenya and travelling in and around Africa, including those seeking treatment in South Africa, India, Pakistan and Sri Lanka. The new healthcare insurance product will be available under the Business Explorer Health Plan for corporates and Explorer Health Plan targeting individual clients. {gallery}news-photos{/gallery}

Speaking during the launch, Jubilee Holdings Chairman Mr. Nizar Juma said, “Explorer is a regional plan from an international company designed to bring it within the reach of senior and middle executives specifically designed for the Africa market and it offers great value for money by providing both individual and corporate access to world class medical facilities.”

He added that the partnership with Bupa will enable Jubilee Insurance to meet the growing demand for international medical insurance products and provide a one-stop shop for medical cover to major corporations, private individuals and families in the region. Some of the unique benefits of Explorer Plan include a full range of health screening providing valuable early detection of conditions such as cancer, without lifetime limits for eligible treatment for chronic diseases, such as heart disease, stroke, cancer and diabetes, ensuring continued access to treatment for as long as a customer is on the plan.

Other benefits include cover for eligible treatment for HIV and AIDS including related conditions and drug therapy, In addition the product has no maximum age limit for new policy holders or those renewing the policy.

Bupa International’s Global Sales & Commercial Director, Tim Slee said, “we are delighted to be launching this new health insurance product, Explorer, adapted for the African market with Jubilee Insurance. Our experience in serving the African market for over 30 years and our global network expertise in designing world-class health insurance products for both individual and corporates will be key in providing access to high-quality international healthcare to the people of Kenya. Under the plan, Jubilee Insurance customers will receive full cancer treatment to ensure that customers are supported at every stage of the treatment. In addition, there will be a cover available for eligible congenital conditions such as heart defects."

“The new international health insurance product will offer our customers, locally and regionally, an expansive range of international medical health-care services through Bupa International, a health insurer of considerable repute and further demonstrates our aim to provide to the people of this region comprehensive benefits together with affordable, high quality healthcare service,” said Chairman of Jubilee Holdings, Mr. Nizar Juma.

The launch of the Explorer Health plan follows the strategic partnership that the two organizations, Bupa International & Jubilee Insurance launched in February this year which brings together Jubilee’s local knowledge with Bupa’s global healthcare expertise.

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