by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Expat Investor : March 2008
NEWS March 2008 EXPAT INVESTOR 3 Fast Facts 33122 Fast Facts 33121 BRITONS travel to Spain more than any other country, but without travel insurance they could be in real financial difficulty if they need medical treatment and just rely on their European Health Insurance Card, warns American Express Insurance Services. The European Health Insurance Card (EHIC) entitles UK residents to free or reduced cost healthcare depending on the country they are visiting, but, unlike a travel insurance policy, the EHIC doesn't cover holiday cancellation, curtailment or repatriation. American Express Insurance Services reminds Britons that whilst carrying the EHIC in France -- Britons' second most popular holiday destination -- anyone needing medical attention will save on average over 80% on the cost of their medical bills; however, in Spain it is usually only 10-20%. The deficit Fast Facts 33001 is the personal responsibility of any traveller not covered by adequate travel insurance. Holidaymakers need to ensure they are adequately insured before travelling. In France recently, an American Express insurance customer fell, fracturing her leg. Although the European Health Insurance Card provided cover for 80% of the medical bill, there was still £700 of charges outstanding which were fortunately covered by the customer's American Express travel insurance policy. A similar accident in Spain travelling with an EHIC but without travel insurance could cost in excess of £1,500. Joanne Field, Marketing Manager, says, "The most comprehensive protection on holiday is a good insurance policy that covers you for delay, theft, loss and medical emergencies." Lifetime Guarantee Account from Nationwide International NATIONWIDE International has launched a Lifetime Guarantee savings account which promises "a highly competitive fixed annual interest rate of 6.60% for the first year (6.40% monthly interest), followed by guaranteed links to the Bank of England base rate and the flexibility of six penalty free withdrawals of any amount per financial year." The Lifetime Guarantee account, available to new and existing customers, provides offshore savers with rate guarantees -- annual/ deferred interest after the first 12 months, when the rate of interest is guaranteed to be just 0.30% below the Bank of England base rate until 1 January 2011, and no lower than 1.00% below base rate thereafter. The account's monthly interest option works out as after the first 12 months the rate of interest is guaranteed to pay 0.65% below the Bank of England base rate until 1 January 2011, and no lower than 1.35% below base rate thereafter. The minimum investment sum is £1,000 and the maximum balance is £2 million per account. Carl Gandy, Managing Director, tells Expat Investor,"The Lifetime Guarantee account provides offshore savers the opportunity to benefit from a highly competitive fixed rate for the first 12 months, and the flexibility of easy access and the security of rate guarantees thereafter. For people who lead busy lives, constantly switching accounts can be extremely inconvenient and frustrating. We believe most people want a consistent good rate of interest and with the Lifetime Guarantee account savers can enjoy just that." know what they are covered for when they buy their travel insurance, especially where their health is concerned. By taking out a policy with unlimited cover there are no grey areas and no nasty surprises when you come to claim -- we will cover it all. IHI now has one of the most comprehensive travel insurance products on the market." A policy with IHI Travel Insurance gives travellers access to IHI's multi-lingual emergency service, which is at their disposal 24 hours a day from anywhere in the world. When adequate medical treatment is not available locally, IHI will arrange for medical evacuation or repatriation. When the transportation requires an accompanying doctor or nurse that will be taken care of too. IHI says its medical specialists range from professors to general practitioners and among their Costa packet? Unlimited medical cover on travel insurance ANYONE taking out travel insurance with international health insurer IHI Danmark will have "complete peace of mind" knowing that they will receive unlimited medical cover through their policy. This new development means that, as from the beginning of the year, all IHI policyholders benefit from knowing that their medical expenses and medical evacuation will be covered in full. Eva Nittegaard, sales and service manager for IHI Travel Insurance, explains, "It's essential that people Fast Facts 33120 specialities are aviation medicine, telemedicine and tropical diseases. The doctors are also at a person's disposal if they need medical advice while travelling or if they are just interested in a second opinion. IHI provide two types of travel insurance. There is IHI Annual Tr avel, which covers all year round with trips lasting up to a month. Then there is IHI Single Trip, which covers one single trip for as long as you wish, but not exceeding 12 months. The advantages of IHI travel insurance include full cover with no deductible, direct payment of all hospital bills, access to IHI's medical consultants, free choice of doctors and hospitals, no restriction on hazardous sports or occupations (except motorsports) and free cover for children under the age of two.
January February 2008