Retail giant Tesco has launched three new levels of health cover within its private medical insurance (PMI) product.
Tesco announced it was reacting to customers’ feedback asking for a straightforward, flexible product.
Levels of health insurance cover
There is a basic level, Operations and Procedures, to which consumers can add two additional optional levels:
- Operations and Procedures – the basic level, including surgery, radiotherapy, chemotherapy, scans and overnight stay costs.
- Consultations and Tests – including specialist fees and diagnostic tests, up to a cover limit of £1,000 a year.
- Additional therapies – including physiotherapy, chiropractic treatment, acupuncture and homeopathy, again up to an annual limit of £1,000.
6-week wait option
To reduce their premium, customers can choose to add a six week option to their policy. This means that the insurance policy comes into effect if the NHS cannot provide the treatment within six weeks.
‘Flexible and affordable’ health insurance
Jeremy Sutton, head of Tesco Health Insurance said, ‘We launched Tesco Health Insurance in January 2007 with the aim of making it affordable, simple to understand and easy to buy. We have launched these new levels of cover in response to feedback, which told us customers wanted flexibility and choice, with a range of options, to suit their needs.’
Martyn Saville, Which? personal finance expert, commented, ‘With cover for a 35 year old choosing the 6 week option starting at around £21 a month, the new Tesco product could be a good, low-cost option for many consumers. However, it’s vital to do your homework – private medical insurance policies vary enormously in both cover and price, so make sure the cover offered meets your needs as well as your pocket. There’s no point taking out a policy that won’t give you sufficient cover, just to save a couple of pounds.’
To find the best private medical insurance policy for your, check the Which? guide to choosing private medical insurance.
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