International health insurance provider, Now Health International, has opened an office in Shanghai, Mainland China following the signing of a partnership agreement with Minan Insurance at the end of 2011.
The company has created an admitted range of plans in China for both individuals and companies and is able to offer the proposition not only to the expatriate community, but also to Chinese high net worth local nationals.
The latest service centre in Shanghai has been set up to provide local servicing that will handle policy administration, customer support and claims servicing to intermediaries as well as group, employee and individual policyholders.
The China product, underwritten by Minan is based on Now Health’s current range of WorldCare plans with four different levels of cover: Essential, Advance, Excel and Apex. The plan, which is available in both Simplified Chinese and English, has also been boosted with additional options applicable to the local market. There is, for example, a Greater China option which limits in, day and out-patient cover to the maximum benefits limits within the Greater China region and cover outwith China to emergency non-elective treatment for a 5% discount. And for those who want the option of being treated in one of the handful of high-cost hospitals in the region, a 20% co-insurance option is available to bring down the premium.
As in other parts of the world, China-based customers will have access to Now Health’s range of market-leading online tools to administer plans and access materials.
Now Health’s Managing Director in China, PY So said: “We’ve put an immense amount of work getting our proposition right since signing the agreement with Minan. We are delighted that we are able to launch into this exciting market in what is the next phase of our expansion ambitions.”
For further information contact Now Health International on +852 2279 7322 or email[email protected] or visit www.now-health.cn