Global industry player April International UK has slashed sterling prices by up to 35% across its long-term individual private international health insurance policies.
Euro-denominated policies have also been lowered by up to 40% while US dollar pricing has been decreased by as much as 43%, said the insurance firm, which covers six million policyholders in 120 countries.
The move will see premium reductions of more than 33% on April International UK’s entry cover levels and up to 26% on comprehensive cover levels.
This means that a typical 39-year-old expatriate living and working overseas could save anything from just under £700 in annual premium costs, depending upon the range of benefits and policy option taken.
The new pricing applies to individual long-term business policies incepted from August 1.
“Since rebranding and launching APRIL International UK at the end of last year, we have seen significant inflows of new business and a strong commitment from existing and new brokers,” said Joe Thomas, April International UK’s business development director.
“We have set ourselves ambitious growth targets and introduced a number of new business efficiencies. The latest reductions in premium rates together with the enhancements introduced last year will help us achieve these goals,” he added.
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