Jan 10, 2013
Medical insurance broker can come in real handy if you do not have any insurance policy at present. Individuals who are self-employed and are suffering from any serious medical condition always take the assistance of a medical insurance broker. Medical insurance broker also helps people that deals with group insurance. Generally speaking, a medical insurance broker does not work for any specific firm. The main responsibility of medical insurance broker is to collect details about the medical insurance policies offered by the various insurance companies. Apart from rates, medical insurance broker will also let you know about the coverage that is being offered by the insurance companies. A medical insurance broker knows the market fully well so you do not need to worry about the authenticity of insurance companies that is being recommended by them. Often, medical insurance broker will analyze your financial condition first before suggesting any medical insurance policy. This is important because there is no point going for a policy that you cannot afford. Finding experienced medical insurance broker is not that easy as there are only limited number of medical insurance
Dec 18, 2012
BIBA Origins In 1977 BIBA was created with the sole purpose of representing independent insurance brokers. Once the Financial Services Act was passed in 1988, Independent Financial Advisors joined BIBA and as a result the name “BIBA” was altered to British Insurance and Investment Brokers Association (BIIBA). In 1994, BIBA helped establish the Independent Financial Advisors Association because the independent financial advisors desperately needed an association to represent them.
After the formation of the IFA Association in September 1999, “BIIBA” reverted back to “BIBA”, dropping the “Investment” part. Today, BIBA represents the insurance industry and advises consumer bodies, members, the regulator and other stakeholders on crucial insurance issues. It offers the following facilities and services to its members : Press Office and Marketing Support Member Support Team Publications Consumer Advice Internet Schemes and Facilities for brokers to offer to consumers and businesses. IT Support Insurance Training Services Technical ServicesThe training sessions include short course assessments. These assessments consist of approximately 10 - 15 multiple choice questions to test the trainees understanding of the main aims and objectives of the course. Companies can send their employees to attend training programs in London or other locations such as locations such as Birmingham, Ipswich, Leeds, Leicester, Liverpool, Manchester, Newmarket, Norwich, Romford, Bristol and Cardiff. If you feel that a training session should be held in your area, contact the Training Coordinator at BIBA (020 7397 0243). Check the ‘Schedules London’ page on the BIBA website for courses held in London and the ‘Schedules Regions’ page for courses held across the UK. BIBA offers both Open Training and In-house Training. In open training, the session is held at your office or any other location you select, but local members will be permitted to join the sessions if you have fewer than 14 members of staff attending the session. You can use this type of training if you want to get just a few members of your staff trained in one subject. In-house training is customized training provided at your office or any other location you select. BIBA will send a trainer to the location to train a maximum of 14 members of staff per training session. Discounts are available and BIBA provides all the training materials.
CHUBB AIG AXA CAPITA The St Paul GROUPAMA Insurances TOWERGATE STERLING ROYAL & SUNALLIANCE ZURICH HISCOX NORWICH UNION CUNNINGHAM LINDSAY ECCLESIASTICAL FORTIS Premium Credit The Underwriter Allianz Cornhill CNABIBA offers members a Schemes Collection and a Broker Business Portfolio. The Schemes collection consists of competitively priced insurance products that are high quality and easy to sell such as the unique payment protection insurance (PPI) scheme that is only offered by British Insurance to BIBA members. PPI provides consumers with a financial safety net against the risks of unemployment, sickness and accidents (ASU).The Broker Business Portfolio offers members special services such as training, IT Support, internet, marketing support and technical services etc. The following committees report to the board On the BIBA website, there is a search tool available that helps you find brokers across the UK. These brokers help you find the insurance policy that most closely matches your needs. They will make sure you find a good insurance policy with low premium payments.
Dec 14, 2012
However, for all the limitations on travel insurance cover, where Edward's argument falls down in my eyes is on the question of medical cover. The Foreign Office travel advice pages are explicit in advising us not to travel without insurance, and the examples it uses to explain why are the potentially high cost of hospital treatment, and medical repatriation. It quotes £35-45,000 for air ambulance to return to the UK from the US east coast, £12-16,000 for an air ambulance from the Canary Islands, and £15-20,000 for a scheduled flight, stretcher and doctor escort from Australia. The chances of having to use these services are minuscule, but the costs are so substantial that they would be a significant issue for most of us and not one we would like to have to deal with in such circumstances.