UK expat insurance is a key element of financial planning for Brits living in Asia. A financial plan is designed to create and grow your wealth, but protecting your existing assets and financial resources is equally as important. We take a look at the different types of UK expat insurance you need to guarantee the future financial wellbeing of your family.
💗 UK expat insurance: life insurance
Life insurance is one of the most important types of UK expat insurance. It protects your loved ones financially in the event of an untimely death. Life insurance compensates your family for the loss of your income by paying them a lump sum (or regular payments) to mitigate the financial impact of your passing away. It is invaluable in maintaining financial stability for a family at a time of great stress. Immediate expenses can be covered, debts paid off and provision made to take care of your regular outgoings. Our professional financial advisers can help you determine exactly how much life insurance you need and find the best products to suit the needs of you and your family.
💗 UK expat insurance: health insurance
Health insurance is an absolute essential in your UK expat insurance toolkit. It passes the risk of incurring medical expenses to your insurer. If you or any member of your family covered under your health plan becomes sick or incurs an injury, the insurer will cover the payments for any treatment subject to any predefined exclusions. When you consider the high, and rising, cost of medical treatment across the globe, don’t even think about living in Asia without a comprehensive health insurance policy.
💗 UK expat insurance: critical illness insurance
UK expat insurance against critical illness is often considered an optional extra but we’d argue that it’s anything but. In fact, while you’re working, you’re more likely to claim on a critical illness policy than on life insurance.
Finding yourself unable to work can quickly deplete any savings you have. Critical illness cover provides a lump-sum payout which acts as a financial cushion. This can be used to cover those living expenses which don’t go away just because you are ill – mortgage payments, utility bills and general living expenses – enabling you to keep your savings intact while maintaining the standard of living that you and your family enjoyed prior to your illness.
A lump-sum payout may also be invaluable in giving you access to expensive medical treatment or in making necessary changes to your home should you be permanently disabled.
Having the peace of mind of knowing that your living costs are covered if you are ill enables you to focus your attention on getting better.
✈️ UK expat insurance: travel insurance
Travelling is a risky business: bookings get cancelled, luggage gets lost, accidents – often costly ones – happen, and travellers get ill, sometimes seriously. Transfer the risk of costs related to any of these events to an insurer by taking out comprehensive travel insurance. Ideally, your policy will cover emergency medical treatment, emergency medical evacuation, losses incurred due to unforeseen cancellation or curtailment, death and disability cover, personal liability cover, luggage cover and additional cover, for example for dangerous sports. A UK expat insurance policy to cover you when travelling should be an indispensable part of your travel kit.
🛵 UK expat insurance: motor insurance
Road traffic accidents are the leading cause of deaths and injuries in many parts of Asia. It would be madness for UK expats to drive in Asia without motor insurance. Make sure you are covered for any costs and damages arising out of a road accident and benefit from financial protection against physical damage and/or bodily injury resulting from road accident as well as any liability arising from an incident. Infinity can arrange a full range of policies from third-party to comprehensive cover and can compare the market to find the UK expat motor insurance that best suits your needs.
🏡 UK expat insurance: home insurance
Another non-negotiable UK expat insurance is comprehensive home insurance. This protects your property and its contents in the case of theft, fire, flood and other natural disasters. Cover can be extended to include third party liability and valuables, including laptops, mobile phones, tablets and jewellery, both inside and outside your home. Let us help you find the best home insurance via our network of globally recognised providers.
As you can see, UK expat insurance takes many guises. At Infinity we provide personal protection insurance of all kinds to UK expats across Asia. We can ensure that you have the right cover to guarantee the future wellbeing of your family and your piece of mind.
Our highly experienced team can assist you in making an informed decision when determining your insurance needs and, as an independent financial services company working with the best internationally recognised insurance providers, we can offer a wide range of choice to meet your needs and budgets.
Contact us today for UK expat insurance advice you can trust. We’ll arrange a free, no obligation consultation with one of our qualified professional advisers.
A leading provider of expat financial services and wealth management services across Asia.