packaged bank accounts

etienneg

The Nationwide Flexplus account at £13 per month is widely know and recommended for including travel insurance (amongst other benefits). The Co-op Everyday Extra account provides similar cover at £15 per month. I don't know if there are others.

However, from age 70 the Flexplus costs a further £65 per year for an age upgrade, making the total annual cost £221. The Everyday Extra provides cover up to age 75 without a further charge (I'm not sure what happens beyond that), so the total annual cost is just £180.

So, from age 70 to 75 it seems the Everyday Extra is better value. Does anyone have experience of this account and its insurance? I would welcome any comments or observations.

Saver101101

No Experience of those accounts, but HSBC Premier has free Worldwide Insurance, although it does state only up to Aged 70 but not sure if you can pay to extend that ?, this account has NO monthly fee:

What is insured?

Emergency medical treatment – up to £10,000,000.

Cancellation and Abandonment – up to £7,500 if you need to cancel your trip or come home early due to illness, injury or if the FCDO advise against all, or all but essential travel to your destination.

Missed Departure – up to £1,000 if you miss your flight to and from the UK.

Travel delay – £50 if your transport is delayed for 12 hours (or up to £7,500 if you decide to abandon your trip after 24 hours).

Death or disability – up to £50,000 if a serious accident results in your death or permanent total disability.

Personal liability – up to £2,000,000 if you cause an accident on your trip which leads to death or injury to any person, or loss or damage to property.

Legal expenses and advice – up to £50,000 for legal costs to pursue a claim for death

or injury.

Baggage – up to £2,500 if your personal belongings are lost, stolen or damaged during your trip.

Lost documents – up to £750 for travel and communication costs to get emergency travel documents to continue your trip

Loss or theft – up to £750 if your money is lost or stolen.

Baggage delay – up to £250 if your bags are delayed for more than 12 hours on your outward journey.

Winter sports – up to £500 for the loss or damage of your winter sports equipment, or for your ski pass (we’ll also pay up to £200 if you can’t take part in winter sports due to illness, injury or avalanche, up to £500 for your ski pack and up to £300 if there’s a

piste closure).

Daliah

HSBC Premier is of no help to the OP, as the travel insurance only covers you when you are under 70 when your trip starts. In addition, it has steep eligibility criteria.

mab3000

I don’t have any experience of either, but if you are not bothered about having mobile phone cover, Barclays offer a travel pack with worldwide travel insurance up to the age of 80, and fully comprehensive RAC breakdown cover for £12.50 per month. Could be another option. 

Daliah

Might be worth checking out Which?

Katiehound

Of course, none of these travel policies will cover you if you have undeclared health problems.

 I remember years ago considering a Halifax Ultimate  account especially because it included  travel insurance but when they checked the extra money needed was very much dearer than my annual travel insurance premium.

Olinda99

I believe Lloyds platinum covers you until age 80. Not sure how the cover compares with Nationwide travel insurance. Cost is £21.

born_again

Remember these extra's are not provided by the banks. They are provided by 3rd party Ins's companies. U K Insurance Limited in the case of Nationwide.

>>

Note: 

If the insurer, U K Insurance Limited, is unable to offer you an upgrade to offer the level of cover you need, or your upgrade insurance premium is higher than you expected because you have medical conditions, help could still be available.


So you do really need to check ALL the details before signing up to a packaged bank account on the basis of Insurance policies. Or you could end up with a nasty shock if you need to claim.

Olinda99

In the case of NWide, if you don't notify them of pre-existing conditions then those conditions are (obviously) not covered but it doesn't invalidate your travel insurance for everything else.

Neil49

Olinda99 said:

I believe Lloyds platinum covers you until age 80. Not sure how the cover compares with Nationwide travel insurance. Cost is £21.

I have the Lloyds Platinum cover insurance and it is provided by Allianz. 

There is an extensive list of non notifiable pre-existing conditions which saves having to inform them of minor health issues. 

kten

"Barclays offer a travel pack with worldwide travel insurance up to the age of 80, and fully comprehensive RAC breakdown cover for £12.50 per month" -- sounds a good offer but the latter half is useless as far as I'm concerned because I don't drive. Don't know why even if I answer No when asking whether I drive or not, it still adds it to the package or in which case Barclays should not ask that question?