Young expatriates insurances
Young expatriates are part of the expatriates’ population, and present several and significant differences:
- their age, of course! This criteria corresponds for insurers to a decrease of premiums (lower risk) because young people are supposed to be in good state of health and less sick than older ones. This criteria also corresponds for insurers to a potential increase of premiums (higher risk) because of accidents (young expats are more subject to accidents because of their specific way to experience the country and life)
- certain countries of expatriation welcome a lot of young expatriates every years, (1) for Working Holidays Visa: Canada, Australia, Argentina, Japan, Singapore, South Korea, Brazil, …, (2) summer camps or sessions: United Kingdom, Ireland, the USA, Germany … In these countries, the level of hospitals and/or medical practionners is good and most of the time, it is possible to be hospitalized locally when required.
- the length of stay for young expatriates is often 24 months maximum, but can easily vary between 1 and 24 months,
- the budget: this is probably the most important criteria for young expatriates who have most of the time a limited bugdet. Therefore, young expatriates are often motivated to buy a low premium coverage
The above has been understood by most companies on the market, which propose low premiums packs or coverages. Please share experiences and information with other young expats on forums before subscribing to low premium packs, because it is not that easy to propose high quality level services and low premiums at the same time…
Our range of solutions
Assurances et Conseils Moncey provides expatriates, from 16 y.o to retirement. Among our selection of international insurances, you can find products from the market and our own range of produtcs (Indigo Expat).
As you can note, some selected products have been developped especially for young expatriates (most of the time, these produsts are packs and limit their medical coverage to unforseen ilness and accident) and some others just present attractive conditions for young expatiates, but are available for most expatriates.
Please note that subscribing to a young expats insurance does not free you from the local regulations. If you are eligible to contribute to the local healthcare system in certain countries and do not have local cover in place, you may be subject to paying a tax levy.