Holiday insurance with bank

elsien

NoodleDoodleMan said:

I'm a bit unclear on the whole scenario here - did the OP declare that he was undergoing treatment for this condition and now wishes to update ?

If he didn't declare it the insurer is going to ask why not methinks.

As long as they declare it before they need the insurance, i.e. when the trip is booked, I’m not really seeing an issue here. 

You get the packaged account, the travel insurance happens to be part of it, at the point of planning and booking a trip you inform the bank and they decide whether they’re going to cover it or not with an increased premium. Not seeing any fraud in there. 

TELLIT01

elsien said:

What do the terms and conditions say you have to keep them informed about?

for example, Lloyds bank say this:

• Medical conditions that you and anyone to be covered have, or have had, if they are not all on the ‘No Screen Conditions’ list must be declared and cover agreed with the insurer (there may be an additional premium if the insurer agrees to cover the condition(s))

so yes, your cancer would be declarable in that context. 

It's important to read that section carefully.  You don't just need to declare those conditions not on the 'No Screen Conditions' list.  All conditions, even those which would otherwise be 'No Screen Conditions' must be declared too.

NoodleDoodleMan

elsien said:

NoodleDoodleMan said:

I'm a bit unclear on the whole scenario here - did the OP declare that he was undergoing treatment for this condition and now wishes to update ?

If he didn't declare it the insurer is going to ask why not methinks.

As long as they declare it before they need the insurance, i.e. when the trip is booked, I’m not really seeing an issue here. 

You get the packaged account, the travel insurance happens to be part of it, at the point of planning and booking a trip you inform the bank and they decide whether they’re going to cover it or not with an increased premium. Not seeing any fraud in there. 

I wasn't clear on the OP having declared it and then updating the outcome, which to me would be the correct procedure.

No fraud scenario being suggested, not sure how that implication may have arisen.

With the two packaged accounts we've had I've been able to talk directly with the insurers to tick all the boxes before committing to opening the account.

All enquiries with travel cover have been with the insurer, not the bank. 

NoodleDoodleMan

PS - one aspect of the Nationwide FlexPlus account worth mentioning.

Each year the bank awards a bonus to members, last one was £100, based on certain account usage criteria - for the FlexPlus it's simply just paying the monthly £18 fee. 

Therefore you are effectively getting annual travel insurance (best case scenario) for £116 per year........no age limit.