Resolution launches new products and 2009 health offering
Resolution, the complete financial services provider today launched its range of additional products as well as its health option offerings for 2009. Divided into four product houses under the umbrella company of Resolution Holdings, Resolution has announced its expansion from health into additional insurance, banking / loyalty and life products.
Resolution Health
In the design of its products for 2009, Resolution health has once again been able to put the interest of members first. On the Hospital Plan, professional fees for in-hospital treatment will now be paid at 150% of the NHRPL. A hospice benefit has been added, and the benefit for MRI, CT and PET scans has also increased.
On the Progressive Plan, the overall hospital limit has increased from R150 000 per individual member to R200 000, and from R300 000 to R400 000 per family. The oncology benefit has also been increased to R200 000 per family. The benefits for hospice care have also been increased.
The oncology benefit on the Prestige Plan has increased to R250 000 per family. The out-of-hospital benefit for specialist visits has increased to 150% of the NHRPL, and the overall annual benefit has also increased. With regards to chronic medication, PMB-related illnesses are no longer limited to the annual limit. The benefit for internal prostheses has increased throughout the Hospital, Progressive and Prestige Plans. The MRI, CT and PET scan benefit has also been increased on the Prestige Plan.
Contribution increases for 2009 have been limited and amount to low rand-for-rand adjustments.
“In an environment in which medical schemes are increasingly making simply cosmetic improvements to their benefits, Resolution Health continues to add real benefits and real rand-for-rand value for money”, said Jannie Kotze, CEO of Resolution. “Percentages are not what determines the value of a contribution increase,” he said,” it is determined by the real rand value and the hidden sacrifices that are sometimes made to keep increases low. At Resolution, we believe in real low rand values in the increases in our contributions, and no hidden benefit sacrifices.”
Resolution Life
Resolution Life is taking the life insurance market by storm with the combination of affordability, innovation and simplicity. The products offered by Resolution Life not only provide excellent cover, but are easy to understand. Notwithstanding the aforesaid, Resolution Life introduced a first in the industry, called the ‘Rapid Underwriting Matrix (RUM)’ whereby no medical requirements are called for should five questions be answered within the parameters as per Resolution Life’s underwriting criteria and in accordance to the overall sum assured limits applicable to the RUM model. With an innovative approach and strong support and advice structure, Resolution Life is the future of quick and easy life insurance application and acceptance.
Resolution Insurance
Resolution Insurance Company Limited is a registered and licensed general short-term insurer which was incorporated and has been trading since April 2006. Focused on providing insurance to a number of niche markets, the company utilises the Underwriting Manager (UMA) model to manage its business, and has stringent controls in place to manage risk. Each UMA has its own specialists which have an intimate knowledge of their products and market.
The current product profile includes:
· Cash in transit and other security risks
· Commercial business
· Personal lines business
· Guarantee business
· Specialised health and accident products
· Tyre warranty product
· Commercial and personal legal expense
· Transportation and Specie insurance
Resolution Underwriters
Resolution Underwriters offer a range of products ranging from legal assistance, expatriate healthcare cover and an HIV wellness programme for employers, to Gap Cover and Essential 13, a product aimed at providing cover for copayments.
There is also a PMB+ product for individuals on primary healthcare plans.
These stand-alone products can be purchased whether you are a member of Resolution Health or not, and are available at exceptionally affordable rates. Law for All – offers legal assistance that goes beyond advice to offer access to assistance from legal representatives
Goodhealth – expatriate cover that is not bound by borders and includes access to assistance 24/7, globally
HIV Programme – provides ACT, HIV management and ongoing awareness in the workplace
Gap Cover – a product for medical cover shortfalls for in-hospital treatment
Loyalty and Card
The Voila! wellness and loyalty programme offers a wide range of benefits and rewards for looking after your health and wellbeing, which range from free magazines to discounts on a range of fitness, gym and health products and services. Money, which is paid into a HealthCard can be earned simply by undergoing a number of routine Health Checks which assist in monitoring the over all health of the member.
Voila! lite offers a range of simplified Voila! products at even lower prices and includes aspects such as golf insurance and funeral cover. Voila! Golf can save the committed golfer at least R 5 000 per annum in golf membership and provides the member with a national golf network card, an official handicap and various discounts through online shopping and golf travel packages.
The HealthCard medical savings debit card is ring-fenced around medical service providers and is the ideal tool for saving for day-to-day and unexpected medical expenses and shortfalls. Funds are deposited into the card via debit order or EFT on a monthly basis, and competitive interest is earned on positive balances. There is furthermore a convenient credit facility which provides for loans for medical expenses at competitive interest rates.
“As a fully-fledged financial services provider, Resolution has evolved into a one-stop-shop for all the individuals cover needs”, said Kotze, “ and because it is all contained under the reputable Resolution umbrella, you can rest assured that you are making a sound investment now, and in the future.”
