There are many things to consider when you move as an expat to set up a life for your family in a new place. One of the most vital is insurance, especially as expat salary packages are not as comprehensive as they used to be so it is vital to make sure you and your family are adequately covered in the event of sickness, pregnancy or medical emergencies. Here are a few options of insurers who can offer specialised assistance.
Who they are: Principle Assurance
What they offer:
Principle Assurance is a leading international health insurance provider offering comprehensive cover for you and your family, no matter where you are based throughout the world. They offer international health insurance cover for out-patient, in-patient, individuals, families, organisations, dental, international assistance, global security, wellbeing, and psychology cover. Optional benefits such as evacuation and repatriation cover are also available.
Need to know:
The company is known for its customer-focused approach and excellent value for money prices. They also have a 99.2% pay-out rate on expat health insurance claims, set against an industry average of 80%. They have an excellent multilingual Fast Track Claims service, available 24/7, which means that you have instant access to assistance at all times. They have clients in 120 countries.
22/F OVEST, 77 Wing Lok Street, Hong Kong
2891 8915 | principleassurance.com
Who they are: Bupa Global
What they offer:
Bupa Global offers a range of global health plans which aim to look out for their customer’s all-round health with a number of wellness services, which can include dental, optical and medical health checks. Their plans come with a range of medical concierge services including 24/7 global emergency assistance and evacuation, as well as second medical opinion service.
Need to know:
As an international firm providing medical insurance and services across a network of 190 countries and 1.2 million healthcare providers, Bupa Global has a thorough understanding of the specifics of the diverse places expats may find themselves living. They have two million customers and cater to a varied range of clients, whether they are studying, living, travelling or working abroad. Their Select and Premier Plans offer family discounts of up to 15% with three or more people joining, while their Elite and Ultimate Global Plans can provide cover for two children under 10, often at no extra cost, and provide maternity benefits.
Contact:
18/F Berkshire House, 25 Westlands Road, Quarry Bay, Hong Kong
2531 8502 | bupa.com.hk
Who they are: Expat Insurance
What they offer:
Expat Insurance offers tailor-made solutions to expatriate families and businesses at cost-effective premiums across a range of insurance products including medical insurance for individuals, families and SMEs; life insurance and critical illness cover; home and valuables insurance, travel, motor and a wide range of business insurances.
Need to know:
Expats have different needs compared to local nationals, for instance you may not qualify for government-funded medical treatment and you are probably going to be travelling a lot as you explore the region and return home to visit family and friends. Expat Insurance understands this, and makes a point of meeting with every client for a face-to-face meeting at the venue of their choice. They then provide recommendations based on your personal needs, budget and future plans, in a free and obligation-free service. They also offer ongoing support when it comes to making claims and renewing your policy.
Suite 701, Connaught Commercial Building, 185 Wan Chai Road, Wan Chai, Hong Kong
3563 9771 | expatinsurance.com.hk
Who they are: The Fry Group
What they offer:
The Fry Group is recognised internationally for their valued expertise in tax, wealth and estate planning, particularly for overseas expatriates. They offer critical illness insurance which helps financially in the event of a critical life-threatening condition by providing a lump sum benefit, as well as life insurance, total and permanent disability insurance and disability income protection insurance.
Need to know:
The Fry Group believe that financial planning is more than just saving money, it’s also about managing future risks. This involves having adequate protection not just for health and medical expenses, but also for income protection. Their suite of coverage means that if you are the primary breadwinner, you can insure yourself to be certain your family will be looked after. The Fry Group’s performance has seen it recognised as winner of the ‘Best Adviser Firm Hong Kong’ and ‘Excellence in Investment Planning’ by International Adviser Best Practice Awards 2016.
Room 2603B, Tower 1, Lippo Centre, 89 Queensway, Admiralty, Hong Kong
2526 9488 | www.thefrygroup.hk
Who they are: CCW Global Limited
What they offer:
CCW Global Limited offer comprehensive personal insurance (home, motor, maid, health, non-investment linked life, and collections coverage), and business insurance (employee compensation, office packages, group health and life, directors and officers, professional indemnity).
Need to know:
CCW Global aims to offer clients a very traditional and personal experience which they believe ensures their clients get the best possible protection. Their customers have direct contact to a broker who will consult you in detail to understand the specifics of you and your families needs. The firm also keeps a close eye on your policies, managing them throughout their lifetime to keep the process as simple as possible for customers.
Unit C, 23/F, Morrison Plaza, 9 Morrison Hill Road, Wan Chai, Hong Kong
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