Premiums and payments

Anyone can join the Universal Health & Accident Plan and best of all, everyone pays the same contribution rate, regardless of their age or healthcare status.

The plan is based on the principle of cross-subsidisation, which means that policy holders should start contributing to a health plan while they are still young and healthy. In this way they will be covered when they are older or sicker. Since policy holders can join at any time we are permitted to impose a three-month general waiting period and/or a 12-month condition-specific waiting period on their policy.

Premiums are calculated on a per month per insured person basis, depending on the selected option.

The employee may be subsidised by the employer, or either party may elect to pay full premiums associated with the selected Universal Health & Accident Plan option and the number of lives covered. Premiums are paid in advance by the Employer.

All employees in a group need to be on the same option.