News

Now Health International announces premium and benefit changes from 1 August 2014

23rd July, 2014 News

23 July 2014

 

Now Health International announces details of three WorldCare reviews for their AXA-underwritten business, their admitted Singapore product fronted by Tenet Sompo and their admitted China product fronted by Minan.

AXA-underwritten business

Benefit changes:

Now Health has secured the ability to write groups of 5-9 employees on a Medical History Disregarded basis.  Terms are being offered on a case-by-case basis and intermediaries should contact Now Health for more details.

For those clients resident in Africa, the area of coverage discount has been improved from 5% to 10%.

Premium changes:

Base rates for both individual and group business will increase from between 2.5% to 5% depending on the geographical area chosen.

Admitted Singapore business

Benefit changes:

Enhancements to the renal failure and dialysis, hospital cash and ancillary charges benefits have been made. A new additional option for the Essential plan has also been added, specifically for Singapore members, offering a small amount of cover for out-patient treatment, physiotherapy care and the maintenance of chronic conditions.

Premium changes:

Based rates for both individual and group business will increase from between 10.5% to 12.8% depending on the plan option chosen.

Admitted China business

Benefit changes:

Child-Only policies are closed to new business from 11 July and renewal options for existing customers are available on a case-by-case basis.  The organ transplant and maternity benefits have been amended, two new exclusions have been introduced for pre-existing medical conditions and external prosthesis, and a new defined term ‘Related conditions’ has been added.  A new high cost provider, the Shanghai East Medical Center now available in addition to the current list.

Premium changes:

Base rates for both individual and group business will increase by 12.5% for all policies and for business booked on a continuous transfer terms basis, a 3% loading will apply.

Recommended for you

Comments
Back To Top