Union Assurance launches Union Mediguard
Union Assurance (UA) has identified a need for a comprehensive,
affordable health insurance solution for families to manage their health
care proactively, and take advantage of improvements in health care
facilities while at the same time reducing the burden of escalating
costs associated with such services.
Aminda Udithathilake |
The proposed solution, Union MediGuard, combines the
savings/investment elements of a traditional life insurance product with
a facility to reimburse medical expenses arising from various
diseases/surgeries ranging from a simple flu to a major illness.
It also covers 136 day-care surgical procedures, including nursing
and room charges, doctor/consultant fees, ICU expenses and operating
theatre charges.
When combined with a standard life insurance product, MediGuard
provides a comprehensive solution to customers including life cover,
hospital cash benefits, disability benefits and critical illness
coverage in addition to investment returns and maturity proceeds at the
end of the policy period.
“Based on the research findings we identified a vacuum in the market
for medical cost reimbursement health solutions. Customers felt this as
a necessity; therefore we introduced the Union MediGuard bill
reimbursement benefit with many unique features including investment
benefits,” said Aminda Udithathilake, Senior Brand Manager, Life Brands
at Union Assurance.
UA also recognised the lack of awareness and preparation among the
general public especially with regard to health related emergencies. “It
is during desperate situations that people start panicking and utilise
their hard earned savings to provide for their loved ones,” noted
Udithathikake.
In response to this situation, UA will launch an island wide “Union
Health Week,” to create awareness about health, wellbeing and planning
for future health emergencies; where the general public could meet with
a professional advisor from the UA team, to discuss their health or life
insurance related needs.
More information could be obtained from
www.unionassurance.com
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