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Expat Investor : September October 2009
HEALTHCARE expatinvestor.com 14 EXPAT INVESTOR September/October 2009 InterGlobal has launched two new international private medical insurance plans, designed to provide comprehensive protection to students studying abroad from under £40 (US$60) a month. inpatient, daycare and outpatient medical treatment in the country where the student is studying. The standard plan also provides access to emergency dental treatment, family assistance, emergency medical The new InterGlobal International Students Plans are available either as individual or group schemes. InterGlobal says they provide comprehensive protection against the cost of evacuation and red24 security assistance, while the International Students Plus plan additionally provides maternity care, cover against loss of tuition fees and coverage for personal belongings. Stephen Hartigan, CEO, InterGlobal, says, "We've designed these plans specifically to meet the needs of students studying abroad -- which means we have been able to provide a comprehensive level of cover at a very reasonable cost. As the vast majority of students only study in a single overseas country -- we have managed the cost of cover by simply providing protection in the country where they're studying. "We believe these new single country student plans will appeal to parents whose children are studying abroad for the first time -- but they are also suitable for more mature students as well, with cover available up to the age of 35 for students and their dependants. We can also provide cover for students who are planning to study in a range of countries or travel internationally through our existing UltraCare PMI plans." Interglobal's bespoke plan for international students Where you stand with swine flu and travel insurance William Russell launches enhanced life insurance plan The Association of British Insurers (ABI) has issued the following information for travel insurance customers clarifying the cover that most policies offer if people are affected by swine flu: Swine flu is treated no differently from any other illness by travel insurers. Tr avel insurance will typically cover the cost of medical treatment abroad if people contract swine flu while on holiday. It will also cover the cost of rearranged flights and accommodation for anyone covered by the policy. People diagnosed with swine flu before they are due to travel abroad, and any immediate family members (spouse, parents and children, with some policies covering other relatives) due to travel with them, will be covered for the cost of holiday cancellation. Under nor mal circumstances a doctor's certificate is required to confirm that the customer was not fit to travel, but given the current circumstances we would expect insurers to be flexible on the time it takes to obtain such a certificate. Airlines have standard procedures for dealing with passengers who they believe are medically unfit to travel for any reason, and have medical teams available to make assessments. Tr avel insurance policies should cover the costs of rearranged flights and cancelled accommodation in these circumstances, if the airlines do not have 'failure of service' provisions. Customers will need written confirmation from the airline's medical advisers that they are unfit to travel in order to validate a claim. The costs of accommodation and rearranged flights for people who are ill and placed in quarantine abroad and have to stay beyond their planned departure date will be covered by travel insurance policies. Those who are quarantined as a precautionary measure may be covered -- insurers will consider claims on an individual basis. Customers will need written confirmation of the quarantine to validate their claim. Tr avel insurers are studying details of the Government hotline and website to diagnose people who think they may have swine flu, and assessing what evidence will be made available to support a claim that a customer is unfit to travel. William Russell has launched its Global Life insurance plans for expatriates with an increase to the maximum life benefit insured. Now expats are able to insure their life for up to 20 times their salary including commissions and regular bonus payments, to a new increased maximum benefit limit of $1,500,000. Inez Cooper, Managing Director, explains, "Choosing to live and work abroad provides expatriates with tremendously rewarding career and lifestyle opportunities, but they also need to make sure that they have the right insurance to financially protect their income and the security of their families in the event of illness, injury or even death. "Most life insurance and income protection plans are simply not designed for expatriates. This is why we have designed our plans to provide expatriates with the level of flexibility and international cover they need to protect their standard of living and provide for those they may leave behind. "By increasing our maximum life benefit to $1,500,000 we can offer high-earning expatriates the reassurance that they can select a sum insured that better represents their financial status and provides an improved financial safety-net for their families."