Medibank Private’s commitment to value-for-money private health insurance has been recognised, with three products awarded “Best Buy” ratings by AFR Smart Investor magazine.
Medibank’s Blue Ribbon comprehensive hospital cover scooped the Best Buy ratings for families, judged the best choice in ACT, New South Wales, Queensland, South Australia, Tasmania and Western Australia. It was also awarded Best Buy for Established Couples in the ACT, New South Wales, South Australia and Tasmania.
The fund’s newest hospital product, Intermediate Hospital Cover, also performed well, recognised as the Best Buy in New South Wales and Tasmania for young or single people looking for a cheaper product that still covers wide range of services.
For young or single people looking for cover for both hospital and extras services, Medibank’s SmartPlus packaged cover received the nod as Best Buy in the ACT, New South Wales, Queensland, Tasmania and Western Australia.
Chief Executive Officer of Medibank’s Private Health Insurances Division, Bruce Levy, said he is proud of the fund’s strong showing in AFR Smart Investor.
“Medibank is focused on making sure we have the right products at the right prices for people at every life stage, so this sort of recognition is a great reward for our efforts.
“We are particularly pleased that our newest product, Intermediate Hospital Cover, has been awarded as a best buy. This product has only just gone on sale and really completes our product line-up, striking the balance between the services that members want and price.
“The other great thing about this report is that it also recognises the customer service element as reported by the Private Health Insurance Ombudsmen. We know that service is important to our members, and our high levels of customer retention and low levels of complaints proves just how service orientated we are.
“It is also a sign that Medibank is in a good position to withstand the challenges of the future, which is great for the fund and great for our members” Mr Levy said.
The AFR Smart Investor report follows the release last month of data showing Medibank Private has grown marketshare in the highly competitive private health insurance market.
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