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Bupa Launches New International Private Medical Insurance (IPMI) Products For Businesses

Bupa Global has launched a new range of tiered international private medical insurance (IPMI) products available to UK businesses. The new Business Health Plan range is designed for companies that need to offer premium international cover for specific areas of their workforce or need a richer offering for key employees. 

The four new products - called Business Select, Business Premier, Business Elite and Business Ultimate - are tiered on coverage and price based on the findings from extensive customer insight. They offer rich cover and benefits to meet the needs of globally mobile and globally minded businesses and their employees. Customers will also have access to Bupa’s global network of international healthcare professionals. 

Sheldon Kenton, Managing Director, Bupa Global said: “The demands of both companies and their employees are changing as businesses are becoming more global and their employees are travelling more often. We also know that no two businesses are the same and some need a richer offering for key employees. That is why we worked closely with our customers to develop this new range of products and ensure that they meet the needs of globally mobile and globally minded businesses. With the new tiered range, it is now easier for companies to choose the right health plan for their employees’ specific needs.” 

The new Business Health Plans are designed to cover all-round health protection for the mind as well as the body. The Business Health Plans provide employees with 24/7 cover, wherever they are in the world*.

The range of benefits includes:

  • In-hospital care
  • Evacuation – if emergency treatment isn’t available locally, an employee will be evacuated (and when medically necessary their relative or partner) to where they need to be for treatment
  • Treatment for cancer and other serious illnesses, for as long as needed 
  • Hereditary, congenital and chronic conditions
  • Transplants and rehabilitation

Commenting on employee health and wellness, Kenton said: “This has become an important way for businesses to look after their people, for two main reasons. First, employees now increasingly expect their employer to play an active role in their health and wellbeing. Companies in turn are looking to their health insurance providers to help deliver programmes and initiatives.

“Secondly, in a particularly competitive market, businesses are looking at how they can differentiate their offer to employees. Providing rich, global healthcare cover can help a business in attracting and retaining key talent.”

Bupa Global’s new plans offer a range of health and wellness features and enable businesses to offer a richness of international cover for key employees. At the same time companies can provide other employees with domestic cover from Bupa UK. Together, Bupa can meet the healthcare needs of an entire business. 

For more information on the new Business Health Plans, visit https://www.bupaglobal.com

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Bupa Arabia Launches New International Health Insurance Plan Covering Members Anywhere Around The World

Bupa Arabia has announced launching a new International Health Plan for members to have access anywhere, anytime to a hospital or healthcare professionals, in Saudi Arabia or even when they are travelling abroad.  The 'International Health Plan' is Bupa Arabia's first international single card plan for members to cater to their global healthcare needs.

The 'International Health Plan' provides access to over 1.2 million healthcare providers in 190 countries when the Bupa insurance card is presented. It empowers its members to access elective or emergency treatments abroad whenever they need it.

The 'International Health Plan' is targeted to achieve many of the benefits to the beneficiaries wherever they go for business or leisure, with immediate coverage for preventative tests, maternity cases, dental and optical, cancer treatment, chronic diseases, and more with coverage reaching up to tens of millions of dollars.

"With the rise in the number of Saudis and Expats travelling abroad for business and pleasure, along with the increase in foreign investors and business representatives coming into the Saudi business field, the necessity of expanding our coverage internationally has become extremely apparent." said Tal Nazer, CEO of Bupa Arabia.

"People's lifestyles are constantly changing, especially in Saudi Arabia," CEO Nazer continued, "and we must be fast on our feet to meet the demands for new health coverage plans that these changes are generating. Whether a person is a frequent traveler for business or pleasure outside the Kingdom, a familiar and reliable international health insurance plan is indispensable, so making Bupa Arabia your insurance partner is a smart decision."

This innovative product is a result of the fruitful partnership between Bupa Arabia and Bupa Global, which possesses more than 70 years of experience in international healthcare across more than 190 countries around the globe.

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Punter Southall Health & Protection Launches Post Hospital Service

Following the launch of its Med24 GP app in October 2015, Punter Southall Health & Protection, one of the largest health and protection advisers in the UK, has continued its innovative approach to healthcare and protection benefits with the launch of a unique Post Hospital Discharge product.

Available to all employers wishing to extend their health and wellness benefits at a minimal cost per member, it bridges the gap between discharge from hospital and full recovery.

The Post Hospital Service has been designed to look after employees when they come out of hospital after a stay of 48 hours or longer. The stay can be for any reason (except pregnancy), whether planned or emergency, and includes NHS or private care and so is relevant to the whole work force, not just those in a corporate health scheme.

To create the service Punter Southall Health & Protection has teamed up with Red Arc Personal Nurse Advisers and Collinson Group to offer seamless, medical, emotional and practical support for employees when they come out of hospital.

As well as unlimited nurse adviser support, the service provides help at home by high quality, Care Quality Commission (CQC) accredited, domiciliary care providers. This practical help is tailored to each person’s needs and can include a variety of services such as personal care, domestic duties, collecting prescriptions and arranging transport to appointments.

Commenting on the new service Jan Lawson, Executive Director of Punter Southall Health & Protection said, “Being medically well enough to leave hospital is not the same as being better. Extra support after returning home is often necessary, but rarely provided. Everyone is different and this product combines practical help, emotional support and a personalised “Get well, Stay Well plan” for an unlimited period.”

Adds Lawrence Watts, Business Development Director, Insurance & Assistance, Collinson Group, ‘We are delighted to be working with Punter Southall Health & Protection as it continues to broaden the offer of innovative Health and Protection products and services to its employers and their members.  We look forward to working alongside Punter Southall Health and Protection by providing first class assistance in the form of practical help through our accredited domiciliary care network at a time when it is needed most.’

By helping to support full recovery, the service will benefit employees and their families as well as the sponsoring employer, who will be seen as a caring employer, while assisting members to return to work more quickly and having less chance of relapse or future illness.

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Clements Worldwide Announces Launch Of International Disability Coverage For Expats & Organizations

Clements Worldwide is now offering high-limit, loss-of-income coverage for professionals abroad. Clements International Disability insurance has no exclusions for acts of political violence including civil unrest, riots, or war and terrorism, providing the right protection for expatriates living in today’s complex geo-political climate. This borderless coverage, offered in collaboration with Lloyd’s of London, is specifically designed for the unique risks of individuals working abroad and protects their income if an accident or illness prevents them from performing their occupation.

In developed nations, statistics show that 25% of professionals face disability at some point in their career. For expatriates, government workers, contractors, non-profit or international organization employees working challenging jobs in high-risk countries, this number is likely to be much higher.

“Too many people underestimate the chances of becoming disabled during their professional careers,” stated Chris Beck, President of Clements Worldwide. “Most global executives, high-income professionals and international workers have become educated about the importance of having life insurance to protect their beneficiaries, but a disability during prime working years can be more crippling to individuals and their families, and many are not protected against that likely eventuality. Our best-in-class coverage provides for lost wages and the costs of the medical treatment, even if the disability was caused by political violence, war or terrorism.”

Sixty-nine percent of private sector employees have no long-term or permanent disability insurance, according to the U.S. Social Security Administration. “Particularly for high-wage earners, securing disability insurance must be a part of proper financial planning to ensure peace of mind for them and their families,” explained Beck.

In addition, the difference between any coverage an individual may be entitled to receive from their employer or local government and an individual’s current income can be significant, highlighting the challenge in maintaining a quality lifestyle in the event of a disability. For high-wage earners, this gap can be particularly large and might be especially challenging for people working outside of their home country.

“We have heard from our customers working in Africa, Asia and the Middle East that they are turned down when they apply for high-limit disability insurance because of their location,” said Beck. “This product was specifically designed to cover the unique needs of professionals working outside of their home country.”    

The International Disability insurance program offered by Clements features both temporary and permanent options. Both options offer high-limit benefits to address the needs of internationally-based individuals, ensuring protection and a safeguard that guarantees their lifestyle is secure should anything happen.

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OUT NOW: International Private Medical Insurance Companies and Providers V1.3 - Adds NEW Wellaway Advertising Campaign

Version 1.3 of the International Private Medical Insurance Provider Directory is out now.

Medical insurance underwriters and providers are represented and International Private Medical Insurance Magazine would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Antaé, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

 

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What Are The Key Differences Between An iPMI And A Local Insurance Plan?

In a recent International Private Medical Insurance Magazine executive round table business forum, we spoke with leading C-Level executives about the major differences between international private medical insurance plans and local insurance plans.

As expatriate hot spots around the world continue to mandate insurance cover for expatriate employees, under various visa and employment laws, questions from the business community continue to be raised. Issues focus around how new laws will help and assist expatriates and what levels of cover they may expect from local insurance plans.

GREGOR SCHULTE Globality Health: At their heart, international health insurance plans are designed to cover all costs of high quality medical care regardless of the location of the insured person and the standard of local health services. Whereas a local plan is designed to provide cover primarily in a single country, taking into account the insurance practice and requirements of that country, access to state healthcare provisions and treatment costs in local hospitals only.

Of course international plans offer cover that transcends borders and generally include benefits specifically applicable to expatriates, such as repatriation and evacuation cover, assistance services and benefits, portability and freedom to choose the healthcare provider. The result is that iPMI usually provides far higher levels of benefits than those available from ‘local’ schemes, although this is dependent on which country is considered.

ANDREW APPS ALC Health*: Superficially there are many similarities between a local and international private medical (iPMI) plan. The fundamental difference is the target audience for each of these two very different products.

An iPMI plan is designed to cover a policyholder, usually an expatriate, for practically any health-related matter they may encounter, a local scheme does not have the same mandate, being designed with the local population in mind and most often acting as a support to local, often staterun facilities. This means that the features of each of these plans are markedly different.

The most noticeable difference is that an international plan usually offers a wider, more comprehensive range of benefits and with much higher benefit limits. For example, with an iPMI plan there can be generous cover for items such as GP visits, full chronic conditions cover, routine pregnancy and childbirth cover, evacuation and repatriation cover, and usually overall sum insured amounts that can be ten or twenty times higher than those of a local scheme.

Typically, an iPMI plan will also be portable, and not restricted to their country of residence, allowing the geographically mobile policyholder full access to all of their benefits wherever they are, in their chosen area of cover. Some iPMI plans also do not require their insured members to seek treatment within a network. The policyholder has the freedom to choose where they wish to receive treatment.

Naturally local schemes are usually less expensive than international plans, but correspondingly, the benefits are far less comprehensive, with low benefit limits (sometimes the benefits are blatantly only a contribution towards the total cost of treatment), out-of-network penalties, co-pay benefits, none or very limited out-of-country coverage. Most local schemes also do not offer 24 hour support.

Similarly by their very nature, local schemes are very much tailored to the local population with policy documentation available only in the local language and the benefits tailored to the audience the plan is designed for. The unwary expatriate with local cover may well find that he either has to make do with low levels of cover, or more likely will have to self-pay at least part of his treatment.

PHIL AUSTIN Cigna: International Health Insurance plans by their nature are better suited to expatriate life than local plans. They usually provide cover worldwide, meaning that wherever the individual happens to be in the world, they will be able to receive treatment.

Local plans on the other hand will normally only provide cover in a single country. This means that when the expatriate is making a trip back home, or is spending time in another country, they are potentially ineligible for treatment.

Moving to a new country often brings about basic challenges like language barriers and cultural adjustments. An international health insurance plan helps the expatriate remove a lot of this uncertainty as they will be dealing with a provider with experience in working with expats and experience in global healthcare. This means that often a language barrier can be removed by speaking to the insurer who can communicate directly with the hospital, and the expat can seek advice about local customs and peculiarities.

Finally and perhaps most importantly, expatriates who are not permanent residents or citizens of the country they are moving to may be ineligible for a local plan.

SHIRLEY PUCCINO GeoBlue: Local plans are designed to deliver coverage and services inside the host county and tend to incorporate underlying government health programs, networks, and delivery systems reflecting local languages, customs, business practices and provider relationships. International health insurance plans strive to provide more comprehensive global cover and an optimal experience globally, while to the extent possible, allow for local nuances in plan administration, delivery and practices.

READ THE COMPLETE ROUND TABLE, CLICK HERE.

*At the time of round table publication Andrew was working at ALC Health.

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OUT NOW: International Private Medical Insurance Companies and Providers V1.2

Version 1.2 of the International Private Medical Insurance Provider Directory is out now with the addition of Antaé, a leading employee benefits firm based in Switzerland.

Based in Lausanne in Switzerland, Antaé is specialised in advice, design and distribution of international mobility solutions: private medical insurance, travel health insurance, assistance and security, protection, kidnap and ransom, pension. Our clients are international corporate businesses and organisations, NGOs, international private schools and international students in Switzerland. Antaé is FINMA registered – N° 28246

Medical insurance underwriters and providers are represented and International Private Medical Insurance Magazine would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Antaé, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

 

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Starr Companies And Aetna International Launch 2 International Private Medical Insurance Plans For Philippines Market

Starr Companies and Aetna International have launched two international private medical insurance products specifically designed to provide access to high-quality healthcare to expatriate and local employees of companies based in the Philippines. These products will be available to companies directly or via their brokers.  

A total of four base plans for each product are on offer with a menu of additional benefits and sums insured. Policy issuance, claims and customer service will be managed in the Philippines by the Philippines Branch of Starr International Insurance (Asia) Limited (“Starr International Insurance”) and the Starr International Insurance team of bi-lingual staff to cater for both local and international members.

The International Healthcare Plan allows members and dependents to get medical care worldwide*, either within Aetna’s network or at the facility of their choice. The Healthy AEssentials Plan is a flexible solution designed for groups seeking comprehensive regional coverage within Southeast Asia.

Both products are underwritten by Starr International Insurance, a Starr Companies insurance carrier with an A (Excellent) rating from A.M. Best Company. The healthcare policies to be issued by Starr International Insurance are reinsured by Aetna Life & Casualty (Bermuda) Ltd., an Aetna Company, and are based on Aetna’s International Healthcare Plan and Aetna Healthy AEssentials Plan.

Derek Goldberg, managing director, Southeast Asia at Aetna International said, “Despite the Philippines being a popular destination for expatriates, and the expanding healthcare needs of the local market, there are limited options for regional and global healthcare solutions that are fully compliant with local market regulations. With the resources of our regional partner, Starr International Insurance, we have been able to develop two comprehensive healthcare plans that provide flexibility and choice for expats and local nationals in the country.”

“This exciting development for the Philippines market reaffirms our strong and expanding relationship with Aetna International in the Asia region,” said Ross Matthews, President and CEO of Starr International Insurance.

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OUT NOW: International Private Medical Insurance Companies and Providers V1.1

Underwriters and providers are represented and Team iPMIM would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

iPOLICY Magazine Issue 004 June 2015 Powered By International Private Medical Insurance Magazine (iPMIM) from iPMI Magazine on Vimeo.

CONNECT

To get in touch with and contact International Private Medical Insurance Magazine (iPMIM) simply send us an email. You can write to the team on: ipmiATipmimagazine.com and we will get back in touch right away. (replace AT with @)

The new directory is also featured in our Medical Broker and Intermediary report, iPolicy.

Issue 4 is out now and can be found at: https://ipolicymagazine.com/read-ipolicy/item/274-ipolicy-issue-4

iPolicy Issue 4 kicks off with an executive interview with the new Managing Director @ Cigna Global iPMI.

About the iPMI Company Directory

Delivering pertinent company information to worldwide insurance brokers, intermediaries and agents the International Private Medical Insurance Magazine iPMI Provider Network Directory is the definitive global resource featuring international medical insurance underwriters and providers.

Identify, select and source the most appropriate insurance partners that may assist you expand your product portfolio range and coverage. Designed by iPMI providers for iPMI brokers, the directory works hand-in-hand with iPMI Magazine company micro web sites. Follow the interactive links throughout the directory for more company intelligence and content.

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FEATURE: This Week's Top Medical Healthcare Expatriate Travel Insurance Assistance News

Healthy April Passenger Demand

Global passenger traffic results for April showing robust demand growth compared to April 2014. Total revenue passenger kilometers (RPKs) rose 5.9%. April capacity (available seat kilometers or ASKs) increased by 6.1%, and load factor slipped 0.1 percentage points to 79.4%.…Written on Friday, 12 June 2015 04:43 in iPMI Magazine Travel News

Airline Profitability Strengthens Further

The International Air Transport Association (IATA) announced an upward revision of its 2015 industry outlook to a $29.3 billion net profit. On expected revenues of $727 billion, the industry would achieve a 4.0% net profit margin. The significant strengthening from…Written on Friday, 12 June 2015 04:56 in iPMI Magazine Travel News

Preliminary First Quarter Commercial Aviation Safety Performance Data

The International Air Transport Association (IATA) released preliminary first quarter 2015 (January 1-March 31) commercial aviation safety performance data. The preliminary results are subject to revision based on the determination of the Accident Classification Task Force. The first quarter 2015…Written on Friday, 12 June 2015 04:53 in iPMI Magazine Travel News

The Financial Shock Of A Sudden Disability Or Critical Illness

A sudden critical illness or disability can have serious financial consequences for the individuals and families affected. However, most Europeans do not have the financial protection in place to deal with such a shock. According to Swiss Re's European Insurance…Written on Friday, 12 June 2015 04:52 in iPMI Magazine Breaking News

Airlines To Address Carry-On Bag Dilemma

Download video (MP4) Interview with Tom Windmuller, IATA SVP for Airport, Passenger, Cargo and Security The International Air Transport Association (IATA), announced a new initiative to optimize the accommodation of carry-on bags given differing carry-on bag sizes and airline policies.…Written on Friday, 12 June 2015 04:50 in iPMI Magazine Travel News

Industry Stepping Up Engagement On Consumer Protection

The International Air Transport Association (IATA) is stepping up efforts to engage with stakeholders—governments, travelers and consumer groups—on the important issue of consumer protection. There are now over 60 countries with some form of passenger rights regulations, with more countries…Written on Friday, 12 June 2015 04:48 in iPMI Magazine Travel News

Air Freight Momentum Slows

Global air freight markets showing a 3.3% increase in cargo volumes (freight tonne kilometers or FTKs) in April 2015 compared to April in the previous year. While there is growth compared to the same month in 2014, there has been…Written on Friday, 12 June 2015 04:45 in iPMI Magazine Travel News

Are Employers Ready To Keep Employees Fit For work?

Cigna UK HealthCare Benefits (Cigna UKHB) shares findings from new research on employer readiness to adopt the Department of Work and Pension’s (DWP) new Fit for Work occupational health service. As the DWP is currently rolling out their new Fit…Written on Friday, 12 June 2015 04:40 in iPMI Magazine Breaking News

Assurant To Exit Health Insurance Market

Assurant, Inc. (NYSE:AIZ) has concluded a comprehensive review of strategic alternatives for its health business and will exit the health insurance market as the Company sharpens its focus on housing and lifestyle specialty protection offerings. To maximize shareholder value, Assurant…Written on Wednesday, 10 June 2015 15:32 in iPMI Magazine Breaking News

ING Exchanges EUR 337.5 Million Notes Of NN Anchor Investors Into NN Shares

ING announced today it will exchange the second tranche of EUR 337.5 million of mandatory exchangeable subordinated notes into 13.6 million NN Group ordinary shares. The exchange is part of the anchor investment in NN Group by three Asian institutional…Written on Wednesday, 10 June 2015 09:50 in iPMI Magazine Breaking News

Tokio Marine Holdings To Acquire HCC Insurance Holdings In $7.5 Billion Transaction

Tokio Marine Holdings, Inc. (TMHD) and HCC Insurance Holdings, Inc. (HCC) (NYSE:HCC) today announced that they have entered into a definitive agreement under which TMHD will acquire all outstanding shares of HCC, a U.S. insurance holding company comprising property &…Written on Wednesday, 10 June 2015 09:47 in iPMI Magazine Mergers Acquisitions News

International Assistance Group’s Partners Are Mobilized To Help Nepal Earthquake Victims

As one of the world’s leading network of international assistance providers, International Assistance Group (IAG) has a wealth of experience and expertise in the field of natural and manmade disasters. Rarely have these skills been more apparent than in the…Written on Friday, 05 June 2015 10:10 in iPMI Magazine Medical Travel Technical Roadside Assistance Company News

How K&R Risks Relate To Everyday Business

Since 2001, the threats associated with international organizations have changed, growing each year. Some dangerous hotspots are exhaustively covered in the news, such as the Middle East or Somalia, but others might be unexpected. Kidnappings can and do occur everywhere—no…Written on Thursday, 04 June 2015 11:13 in iPMI Magazine Risk News

ABOUT International Private Medical Insurance Magazine

International Private Medical Insurance Magazine (iPMIM) is the ultimate International Private Medical Insurance online platform and health insurance magazine, serving global expatriate, corporate, health and travel insurance markets.

Due to the nomadic nature of the international healthcare industry International Private Medical Insurance Magazine is an internet based news service for worldwide healthcare professionals, who need to understand the impacts of healthcare and insurance policy, regulatory, and legislative developments.International Private Medical Insurance Magazine is the leading international industry voice, of the international travel, health, expat, assistance and private medical insurance market.

International Private Medical Insurance Magazine  details private medical insurance providers; the advantages and disadvantages of private medical insurance; international private medical insurance Vs travel insurance; private medical insurance comparison; International Private Medical Insurance Magazine  acts as a worldwide guide to private medical insurance, with the most up-to-date news and views from leading providers of private medical insurance plans, including private medical insurance companies like Cigna International, Globality Health, Eurocross Turkey, HTH Worldwide, ALC Healthcare, GeoBlue, Integra Global, Expatriate Healthcare and many more.

Health insurance cover and risk protection for expatriates, business travellers, tourists, mobile and remote workers and multinational corporations managing global mobility programs and frequent corporate travel plans.

https://ipmimagazine.com

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Medical, Healthcare, Expatriate And Travel Insurance

A guide to leading international medical, healthcare, expatriate and travel insurance underwriters, companies, providers, operating within leisure, expatriate and corporate travel business markets, globally.

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