Both products provide invaluable cover, but there is a significant difference between the two: not only in the price, but also the distinct needs that they are each designed to meet. Here is a brief summary to help you decide what’s right for your employees.
Travel Insurance | International private medical insurance | |
What is it? |
Travel insurance is designed to provide emergency medical cover for individuals while travelling outside of their country of residence. It often includes cover for delays and cancellations as well as a level of personal possessions cover. |
International private medical insurance is designed to provide medical cover for individuals while living and working overseas. This includes routine medical care. |
How is it bought? |
|
|
When is it needed? |
|
|
What does it typically cover? |
|
|
Approximately how much does it cost? | Costs vary dependent on provider, number of lives insured, age and level of cover required. The average range is circa £50–£80 per individual* | Costs vary depending on provider and level of cover required, but with our exclusive umbrella scheme, we can provide cover from as little as £440–£530^ |
As a rule of thumb, you should consider unternational private medical insurance if you:
- Have employees working outside their home country for more than three to six months per year or they are globally mobile
- Have employees working in countries where healthcare is a legal requirement
- Want to be assured that you are providing duty of care — especially where there is no NHS equivalent or the standard of healthcare is poor
For more information visit Jelf International’s website or speak to our dedicated team of international specialists.
*Through our exclusive partnership with Aetna, on the basis of 21–50 lives enrolled, we can offer basic cover up to the age of 69 at £46.82
^Based on the lowest level of cover for an individual aged 23 and 33 and a limited range of countries