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Tesco to offer health insurance

Tesco Personal Finance is to enter the private medical insurance market, with new products offering prices at up to 32% lower than comparable providers, claims the firm.

Under the new plans customers can build up a no-claims discount of up to 55% over four years and those buying before March 27th will also get their first month free. Customers between the ages of 18 and 75 can buy the product over the phone or online without having to fill in a complicated medical questionnaire. The health insurance leaflets will be available from 1,000 Tesco stores.

To keep the choice simple, there are just two levels of cover - Premium and Core.

Premium will provide both in-patient and day-patient cover, cover for out-patient scans and for cancer radiotherapy and chemotherapy, plus £1,000 for additional out-patient benefits per annum.

Core customers will receive the same, apart from the £1,000 of additional out-patient benefits.

Tesco Personal Finance has teamed up with AXA PPP healthcare to offer the health insurance products.

Moneyextra.com recommends you take independent financial advice before acting on any article

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2007-01-10 11:41:12 © Moneyextra.com

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