The Signature plan, as it is called, has been designed for the UK-based employees of small, medium and large corporate clients, predominantly those in senior management roles, but who travel regularly, according to Allianz (AWC).
The company said that in addition to being “fully portable” and transparent, the Signature plan – actually two plans, Signature Prime and Signature plus – also offers a high level of cover for such afflictions as cancer and chronic medical conditions as well as for more routine matters requiring treatment.
Intermediaries and advisers interested in handling the AWC Signature plans must be registered with the UK’s Financial Services Authority and have an agreement in place with Allianz.
Claude Daboul, director of sales, marketing and operations at AWC, said the company took “a client-centric approach from the outset” when drawing up the Signature range, and “looked at existing plans and… the gaps in those plans and compared them to the needs of our clients”.
What they found, she added, was that even though there are numerous health insurance plans available, there was a “distinct need for a more transparent and comprehensive product which also supports the geographically mobile nature of our insured members”.
She added that being able to offer a top-end employee benefit such as the Signature health insurance coverage can often make a difference in attracting and retaining the most desirable and sought-after employees.
Signature is available with full medical underwriting for groups of three to five staff, on a continuing personal medical exclusions basis for groups of six to 19 employees, and on a medical history disregarded basis for groups of 20 or more, with the option to extend cover to each member’s dependants at the employer’s discretion.
AWC is a wholly-owned subsidiary of Allianz SE, the Munich-based holding company of Allianz Group, the multi-national insurance and financial services giant.
