International expat healthcare company takes leads in offering rewards scheme

Written by Ray Clancy

Thursday, 01 July 2010 08:39

A leading expat healthcare company is introducing a rewards scheme for existing and new customers who remain claim free.

It is part of a major re-vamp and improvement to international health plans that start from today (Thursday July 01), says Expatriate Healthcare.

Called Premium Rewards, the scheme is designed to reward customers who remain claim free by automatically discounting premiums. Discounts are applicable from the first year that a customer does not make a claim when they can earn a discount of up to 10%. The discount then rises to 15% after two years of no claims and then to 20% after three years. New customers can claim the discounts if they can prove that they have not made a claim with their current insurer.

Alongside the rewards scheme Expatriate Healthcare has announced a new excess level of €5,000 for customers who want to cover the most expensive medical events only, effectively lowering the cost of their premium.

Improvements to benefits across Expatriate Healthcare’s products include introducing optical care on the top level of cover, up to €30,000 palliative care, outpatient psychiatric care, family passionate cover and compassionate travel cover.

It is also relaunching its website to offer an online quick quote facility for Life, Travel and Income Replacement insurances. Customers will also be able to set up monthly payments on the website.

‘We believe that we have taken the lead in the expatriate medical insurance market in introducing a reward based scheme. It will offer a key selling point for brokers. Our aim has always been to focus on offering value for money, in particular through offering a flexible range of policies that mean intermediaries can offer affordable options to their customers, that fit with individual requirements,’ said Lee Gerry, healthcare manager, Expatriate Healthcare.

‘Added to this, and a further selling point, is that customers can set up monthly payments online helping them to spread the cost of their premiums. As a company we have endeavoured to keep our premiums low, having only increased the cost of our premiums three times in the last seven years and choosing not to make annual increases like many other companies in the sector,’ he explained.