Age Related Premiums – More Cost, Less Cover

by rbipremium on August 16, 2011

The simple fact is the older you get, the more your premiums increase and your cover either stays the same or decreases and it’s not difficult to understand why. Obviously, the older you get the more likely it is that you will have to use the medical cover you have purchased. For a vast majority of expatriates in their 30s and 40s these increases are seen as annoying and unnecessary as most people during these years are fairly healthy and are unlikely to claim on their insurance, yet continually suffer increases based on the fact that they are getting older whilst still being in the prime of their lives.

If this was car insurance and you’d been extremely careful during these years, you’d have built up a no claims bonus that would reduce the price you were paying to your insurance company. On the other hand, where medical cover is concerned there are no general reductions for taking good care of yourself.

When moving through your mid 40’s to early 50’s many expatriates tend to go for the cover they can afford for themselves and their family, not necessarily the cover they want or need. This is the period where you will start seeing the exponential increases in premium prices.

Rbi Premium is offering a lifestyle membership that does not have age-related fees for those aged between 18-55 and they allow members who join before the age 55 to stay until the age of 65 creating a 47 year non age related membership period. Can you imagine the savings?

As only 2% of the expatriate community is actually over 65, Rbi Premium have managed to create an inexpensive alternative to the usual medical insurance cover for an extremely large portion of non natives living and working overseas.

Rbi Premium can be found at http://www.rbipremium.com

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