Tesco offers 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.

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 online at tescofinance.com.