Allianz Worldwide Care has launched new health insurance plans for Lebanon and Equatorial Guinea.
For Lebanon, plans have been developed with local partner Allianz SNA Lebanon. The plan is available to expats, nationals and their families living in Lebanon and a choice of four plans is offered. Each offers cashless treatments at a wide range of inpatient and daycare facilities, together with other benefits including medical evacuation, full refund oncology treatment and rehabilitation treatment. The core plans can be supplemented by additional levels of cover including outpatient, dental, maternity and repatriation.
For Equatorial Guinea, Allianz Worldwide Care has partnered with Equatorial Guinea Insurance Company to offer what it says is the most comprehensive group health insurance plans for companies employing both domestic and international workers in the country.
In addition, Allianz Worldwide Care has also recently launched a security and risk management service for multinationals, designed for employees and organisations that operate in high risk or unstable areas.
This review focuses on the Lebanon plans.
What They Say
Director of sales and marketing, Alexis Obligi, said: “Lebanon has a growing population of some 4.5 million people together with a globally mobile expat community. In developing the plans, we have been particularly mindful of the cost of cover. We have therefore incorporated a range of deductible options, which will reduce the premium, and clients can choose from two different geographical regions of cover. This, together with the modular design of the plans, makes them amongst the most flexible in the market.”
What We Say
"International private medical insurance is increasingly about tailor-made plans to suit particular areas of the world, and that is exemplified by these two plans. Equatorial Guinea is a small (population around 1.2m) central African country with a high gross national income thanks to its oil production. There, Allianz Worldwide Care has partnered with a leading insurance provider in that country to develop the plans.
"Our review though focuses on the plans now available for the larger population of Lebanon (circa 4.5 million). The country is perhaps still best known for its 1975-1990s civil war, which heavily damaged its economy (the country was described in the 1960s as the ‘Switzerland of the East’). Lebanon has since looked to rebuild its economy, which has been further threatened by the civil war in neighbouring Syria. Nevertheless there is a significant expat community. Such events illustrate why local knowledge and partnerships can be so important and indeed why Allianz Worldwide Care’s third new plan, covering security and risk management, can be a valuable add-on.
"The Lebanon plan options enable cover needs to be matched to budgets, with a choice of four core plans, each with options to further tailor the cover. For advisers, having a locally developed plan can make sense, even where (or maybe especially where) the potential market is relatively small and specialised."