Pacific Prime Clients With AXA PPP Seeing Modest Premium Adjustment

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International health insurance provider AXA PPP has recently announced the annual adjustments to its policies, including a lower-than-average increase on premiums.

Pacific Prime

Pacific Prime

...the 3.2% premium increase on the AXA PPP International Health Plan is considered to be relatively low.

Pacific Prime clients with AXA PPP are seeing extremely reasonable premium increases on their health insurance as the esteemed international insurer has recently announced the annual adjustments to its policies.

With this year's adjustments, which took effect on October 1st, 2013, the premium for AXA PPP's International Health Plan (IHP) increased only 3.2%. With the general industry benchmark for annual premium increases sitting at approximately 10%, the 3.2% premium increase on the AXA PPP International Health Plan is considered to be relatively low.

Pacific Prime analysts are not surprised by the rates however, as AXA PPP has consistently had some of the lowest inflation records out of all international insurance companies on the market. In 2011, AXA PPP put a system in place that allowed the rates to be adjusted differently for specific countries, an advantage for those regions where the prices for medical treatment and healthcare remain stable. According to the recently published Globalsurance International Private Medical Insurance Review 2013, the AXA PPP International Health Plan has had an average premium inflation rate of 7.7% per year since 2009.

AXA PPP offers plans worldwide, excluding or including USA, with four levels of cover, starting with the Standard level which covers only in-patient treatment, followed by Comprehensive, Prestige and Prestige Plus with a comprehensive gold-standard cover. Each level offers optional add-on and excess to meet the particular needs of each individual client.

The annual changes to AXA PPP's plans also extended beyond premium adjustments, as the insurer clarified a number of changes to their plans. The structure of financial services regulation in the UK changed back in April 2013, and AXA PPP, a UK-based company, is now updating all their documentation to include the appropriate references.

To read more about AXA PPP's recent annual policy adjustments, including changes to premiums and more, visit http://www.pacificprime.com/resources/news/2013/10/31/axa-ppp-annual-update/.

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Neil Raymond
Pacific Prime
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