Demand for international medical insurance is strengthening, according to the private healthcare company Bupa.
With more and more Brits flush with cash from selling their houses in the current UK house price boom and choosing to retire abroad, private healthcare can prove an affordable option for many.
Coupled with the growing number of “internationally mobile” employees working for businesses relocating to the strengthening economies of Russia and India, for example, the market is expanding.
Bupa spokesperson Thomas Flygare said: “We have done research that shows that the number of internationally mobile employees will continue to grow over the next five years. Add to this an extra 2.3 million Brits who are set to retire abroad and by 2020, one in five older people who will be living outside the UK.
“So, naturally the number of companies providing international medical insurance has increased.”
He also advised that customers research the market place to find the insurance that best meets their needs.
“Experience has shown that peace of mind wins when choosing a provider”, Mr Flygare concluded.
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