Reduce International Health Insurance Premiums
If reducing your premiums would help you to meet your budget, you can, of course, choose a lower level of cover, for example by choosing Signature instead of Signature Plus or by choosing a lower annual overall maximum benefit limit. You can also significantly reduce your premiums by adding an excess to your policy.
International Health Insurance Policy Excess
An excess is an amount agreed in advance that you or each person on your policy pays towards the cost of a claim. For example, if you choose a £250 excess per claim and your treatment for one eligible claim costs £5,000, you would pay the first £250 and we would pay the rest.
You can add an excess of £75, £100, £150, £200, £250, £500, £1000, £2000 or £3000. At the start of the policy, you choose whether the excess applies once per policy year or to each claim.
If you choose an excess per policy year and your treatment for an eligible claim carries on into the next policy year, another excess will apply.
Remember - the higher the excess, the lower your monthly premium. For example, even an excess of £250 per claim could reduce your monthly premium by over 20%!
The important thing is to choose a level of excess that you can comfortably afford.