Private Medical Insurance
This type of policy is designed to provide an alternative route to the national health system in the event of illness. Clients with a private health insurance policy, can choose alternative private health care when they require treatment, which can save time, and may provide better facilities. Their are a wide range of options available, that will effect the premium, corporate and family policies are available.
Accident Sickness and Unemployment Cover (ASU)
ASU is a usually short term insurance policy that is designed to provide an income (up to around 50% of current income, tax free) for a few years. The unemployment cover will pay an income in the event of involuntary redundancy, and can be purchased as a standalone product.
Income Protection (Permanent Health Insurance)
This type of cover is a long term plan, that pays an income if the the individual is unable to perform their occupation due to illness. The policy normally has a term until retirement, and hence if a claim is made, will pay an income until retirement or recovery. Due to the scope of cover, it is usually more expensive than accident and sickness cover
Critical Illness Cover
An insurance policy that is designed to pay a lump sum, in the event of diagnosis of a certain specified illnesses. This type of cover is often used to protect debts such as a mortgage, as the lump sum can clear the debt in full. Level and Decreasing cover is available.