Media centre Tesco Finance & Insurance

Tesco offers guaranteed 20% saving to health cover customers who switch

Tesco launched health insurance in January to open up the market by offering quality private medical cover at low prices and in an independent price check, Tesco Health Insurance has proved cheaper than other major providers.

Health Insurance

01/10/07

Tesco offers guaranteed 20% saving to health cover customers who switch

Now, as a special offer to mark the launch of Tesco Health Insurance Finest Cover, Tesco guarantees to cut premiums for customers who already have health insurance with BUPA, Standard Life Healthcare and Norwich Union Healthcare*. Until 16 October, Tesco is offering those customers a guarantee that they can reduce their annual premium by 20% for a similar level of cover if they switch to Tesco Health Insurance. Customers wishing to move to Tesco Health Insurance simply call 0800 032 50 40 and give details of their current insurance, including the name of the insurer, the name of the plan and the premium price.

To support the offer, Tesco has launched an additional level of health insurance cover. Finest Cover is our most comprehensive level of cover, and includes cancer treatment for up to three years; treatment for pregnancy complications and a private hospital transport service. There is no annual maximum cover on in-patient and out-patient treatment.
 
Says Jeremy Sutton, head of savings and investments at Tesco Personal Finance: “Tesco entered the private medical insurance (PMI) market to encourage more people to look at PMI by offering straightforward products at prices which offer good value. We have price-checked and found we were cheaper than other providers for eight out of ten people. Customers could save as much as £252 per year with Core Cover and £336 for Premium Cover. We are pleased this research proves we can offer genuine savings and urge anyone considering buying this type of cover to shop around.”
 
As with Tesco Core Cover and Tesco Premium Cover, launched earlier this year, no medical examination is necessary for customers buying Finest Cover, and if a customer’s application is successful, he or she is covered for eligible treatment for new medical conditions that arise after joining.
People can buy Tesco Health Insurance simply by calling 0800 012 1880 or online at www.tescofinance.com.
 
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For further information, please contact:
Matthew Dransfield: 0791 707 0614
Lisa Loveday: 020 7334 7777
 
Notes to editors:
  • Price check conducted by Consumer Intelligence between 1st and 31st May 2007
  • Offer is only available to customers of BUPA, Norwich Union Healthcare or Standard Life Healthcare who have a current UK PMI (private medical insurance) plan with an excess of less than £750 and who pay for the policy themselves. The offer is not available to subscribers whose plans are linked to NHS waiting lists (e.g. a 4 or 6 week rule plan), only cover defined conditions or treatments (e.g. BUPA Heart and Cancer) or are a CashPlan.
  • You will pay 20% less than your existing PMI premium when you move to a comparable Tesco Health Insurance (THI) product. The comparison is based on key benefits. However, if you are within a calendar month of your renewal date then the 20% off will be based on your renewal quote. This offer excludes any discounts you received for joining or may receive for renewing. The 20% offer is only valid for the first year of your cover with Tesco Health Insurance.
  • In order to qualify for this offer, you will be asked to confirm that no one covered by the policy has had medical treatment or a consultation in the last twelve months and that no-one has any medical treatment planned - there is no guarantee of acceptance. You will be required to provide written details of your current insurance policy within 14 days of joining or your policy will be cancelled.
  • This offer is not available in conjunction with any other promotion and may be withdrawn at any time. Offer runs from 15/08/07 to 16/10/07.
Tesco Health Insurance is provided by AXA PPP healthcare Limited. Tesco Personal Finance Limited and AXA PPP healthcare Limited are both authorised and regulated by the Financial Services Authority (FSA). Tesco Personal Finance Limited is a joint venture between The Royal Bank of Scotland plc and Tesco PLC. Registered in Scotland no. 173199. Registered office: 24 St. Andrew Square, Edinburgh EH2 1AF.