Expatriate Group, the UK-based expatriate health insurance specialist, has unveiled a new facility for clients that allows them to purchase their insurance policies for shorter terms, beginning for as little as three months duration.
In a statement outlining the new policy, the company said it had been designed to accommodate clients who are being sent on short-term secondments overseas.
Students and others who might benefit from being able to buy their overseas iPMI in smaller chunks are also thought to be potential clients for the new offering, which is being made available for periods up to 11 months in duration, the company said.
Lee Gerry, a director and one of the founders of the Expatriate Group, said the need for such shorter-term policies had been flagged up by the company’s Customer Care team, who had reported that such policies were “something that’s regularly requested by new members”.
“Travel polices might not work in all cases, as the aim, in the event of a claim, is to get the customer back to their home country for treatment,” Gerry added.
“Whereas the short term iPMI policy allows customers receive local medical treatment, without any break in their obligations overseas.”
The Expatriate Group Short Term iPMI policy is being made available for online purchase via international insurance brokers, alongside the Group’s existing standard iPMI, Travel, Life and PA products.
Information about it may be found on the company’s website.
The Expatriate Group was founded by Gerry and a fellow health insurance industry colleague, David Bond, in 2003, to fill what they saw as a gap in the market at the time for a private medical insurance company that was aimed specifically at expatriates.
To read a profile of the Expatriate Group, which first appeared in the June issue of International Investment, click here.