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Oct
05
Bupa Launches New Private Medical Insurance Product in China
Posted on Oct 05, 2012 by Sergio Ulloa (G+)
Globalsurance has learnt that Bupa is launching a new product for the Chinese market. Bupa has teamed up with China based Alltrust Insurance Company to provide Bupa Premier Worldwide Health Options (PHWO), which becomes available from the 1st of October. PWHO is unique in that it will consider covering pre-existing medical conditions, a first for international private medical insurance plans in China. This is a bold and timely move by Bupa, who already has a formidable presence and reputation in China, to capture even more of the growing local private health insurance market. Local demand for international health insurance cover is increasing steadily as more Chinese businesses expand their operations overseas, and the credibility and acceptance of private healthcare in China improves. Historically, China has had very limited exposure to private healthcare services, and Chinese patients have been reticent to move away from the large and more prestigious state run hospitals. Recently, widespread corruption and inefficiencies in the public health system, along with massively overburdened facilities, have given the private sector an opportunity to prove their worth. An ever increasing pool of affluent Chinese who have been exposed to private healthcare facilities while studying or working in the West has also helped dispel some of the insecurity surrounding the private sector in China. With no maximum age limits, no limits on chronic diseases and full cover provided for cancer treatment, Bupa Premier Worldwide Health Options is sure to appeal to the very large middle and old age group, as well as being attractive to younger professionals with the automatic provision for newborns and extension of the young child care to include children up to 6 years of age. Premier Worldwide Health Options is a modular plan, allowing for customers to tailor the plan to their particular needs. The plan has core benefits, aimed at providing cover for inpatient and day-care hospital treatment, and a series of optional extras. Options include; outpatient and specialist treatment, cover for prescribed medicines and equipment, dental and optical, and worldwide evacuation. Further customisation and premium savings can be achieved by choosing to include cover for the USA, covering a pre-existing condition, and adding an annual deductible. For more information, you can contact our staff here. Insurance companies mentioned in this article:
Bupa is a leading international healthcare provider, offering personal and corporate health insurance, workplace health services and health assessments. The insurer today has ten million customers in over 190 countries, and over 52,000 employees around the world.As a provident association Bupa has no shareholders, because of this it uses its profits to invest in healthcare and medical facilities around the world. Bupa has operations around the world, principally in the UK, Australia, Spain, New Zealand and the US, as well as Hong Kong, Thailand, Saudi Arabia, India, China and across Latin America.
Alltrust Insurance Company Of China, Ltd., was founded in 2004 operates as a general insurance company. Alltrust offers property, liability, credit, health and accident insurance products.