Holidaymakers taking statins pay double for travel insurance

 Health, News  Comments Off on Holidaymakers taking statins pay double for travel insurance
Aug 162015

People with high cholesterol end up paying significantly higher travel insurance premiums even though the price increase is not justified by the cost of insuring them, an investigation by The Times has found.

In many cases, insurers quote twice the cost for insurance to the millions of Britons with raised cholesterol, even if it is controlled with statins — a figure that experts said was totally out of proportion to the actual increased risk. The rise was also out of line with life and health insurance, where people taking statins do not generally pay more.

Jules Payne, chief executive of Heart UK, said that this policy effectively penalised those who had been responsible enough to get their cholesterol checked and were working to control it. “There is no reason why insurance premiums should be higher because of raised cholesterol that is being managed,” she said. “This penalises responsible people who are actually at lower risk than many others.” Continue reading »

Premiums soar as travel policy ageism worsens

 Insurance, News  Comments Off on Premiums soar as travel policy ageism worsens
Dec 142014

Older holidaymakers are battling against rising premiums and strict age limits to get suitable travel insurance, while younger travellers are enjoying a sharp fall in prices.

The average premium on an annual worldwide policy for a 70-year-old with health problems has risen by almost 10% since 2011 to £216, while premiums for a 30-year-old with similar health problems have dropped by a third to £63, according to analysis for The Sunday Times by the money-saving website

Overall, 70-year-old holidaymakers typically pay about four times as much for annual worldwide insurance as 30 to 45-year-olds.

As part of our Play Fair on Age campaign, readers have contacted us with stories of the problems they have faced in securing travel cover due to age and health.

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