Life insurance monthly payment

It all depends on the sum assured that you want, the term of the policy and your age. There's usually a loading if you're a smoker.

See this

https://www.expat.com/forum/viewtopic11.php?id=208157

It's expensive.

Hi Designs,

if you are around 40 years old,female,non-smoker with no health risks ( no overweight) and not exposed to any particular dangers you could be paying around 100 € /year for an insured sum of 100.000 € with a 10 year contract.

It would not be worthwhile and probably not even possible to pay monthly.

Cheers
Ricky

ricky wrote:

Hi Designs,

if you are around 40 years old,female,non-smoker with no health risks ( no overweight) and not exposed to any particular dangers you could be paying around 100 € /year for an insured sum of 100.000 € with a 10 year contract.

It would not be worthwhile and probably not even possible to pay monthly.

Cheers
Ricky

Ricky.......! 100 a year!
you know what happened, we did apply for a bank loan and the life insurance is a must for the loan... you know how much they asked for monthly payment? around 200 Euro! i'm confused when my husband talk to them they said Libya is a still not safe place !!!!! lol!

Hi Designs,

well, I did say that such a rate applies if there are no particular risks involved.

If you are living in Libya or travelling to Libya often the rates will be much higher. Even Libyan's I know tell me that Libya is not a safe place.

You should consider discussing the issue with an insurance company and not the bank .

Cheers
Ricky

ricky wrote:

Hi Designs,

well, I did say that such a rate applies if there are no particular risks involved.

If you are living in Libya or travelling to Libya often the rates will be much higher. Even Libyan's I know tell me that Libya is not a safe place.

You should consider discussing the issue with an insurance company and not the bank .

Cheers
Ricky

yes it was with the insurance company that the bank provide us, and they said that it's a risky place! but does this mean from 100 to 2000 !
ok what about if my husband went back to Canada? you think we can change the insurance?

Hi Designs,

if you already signed a contract you probably cannot change it unless you have it in writing in the contract that the premiums will go down if the risk factor changes.

The 100 € I quoted was an example for the terms described and for the amount stated and for someone living and working in Europe with no particular risks. It would not apply for someone working in a dangerous job in Libya or for a male. Who is insured? You or your husband or both? That will also determine the premiums.

Did you get a second quote from a different insurance company?

Cheers
Ricky

no just my husband , no we didn't get another quote and they didn't want to accept  us in the beginning

we'll try to talk to them any way thank you my friend

Interesting! It is illegal for UK banks to charge PPI - Payment Protection Insurance - they are now being forced to pay back millions to customers....

the original question was about life insurance not PPI I think .. but i see that the question then developed into a loan requirement to have insurance - and yes it is indeed a big issue in Uk - maybe its not been an issue here or maybe it just wasnt mis-sold...who knows

what is PPI?? and it's not uk bank it's Maltese bank

Payment Protection Insurance....not even sire they do it here to be honest,,,but the fact they the bank has asked for the life to be insured doesnt necessarily mean its PPI - as that would protect payments if sick or fell long term ill, but its more likely to payout on death to cover the loan and protect the banks interests in the main,, and you or in this case the life insured would be secondary

PPI is available here but not very popular. It's generally taken out with personal loans not home loans.

Hi Designs,

PPI is payment protection insurance sold by banks to secure repayment of a loan in the case of unemployment or death of the loan taker.

It is not necessarily what you encountered with your Maltese bank asking for a life insurance to secure the loan (mortgage)but could be. It depends on the insurance you are talking about.

But it is an additional security for the bank meaning that you are probably oversecuring the loan as the property will belong to the bank until you have repaid the loan anyway.

Normally a significant downpayment on the property should be enough to make the bank happy. Otherwise you should seriously re-consider the price you are paying for the property.

But without knowing the details of the transaction it is hard to say much.

Cheers
Ricky

ricky wrote:

Hi Designs,

if you already signed a contract you probably cannot change it unless you have it in writing in the contract that the premiums will go down if the risk factor changes.

The 100 € I quoted was an example for the terms described and for the amount stated and for someone living and working in Europe with no particular risks. It would not apply for someone working in a dangerous job in Libya or for a male. Who is insured? You or your husband or both? That will also determine the premiums.

Did you get a second quote from a different insurance company?

Cheers
Ricky

I would really appreciate help with this.
I have used this site's partner for a quote for Health Insurance and even the basic 100% Hospital, medical fees and dental/optical quotes are exorbitant, about E6000 per year for just one of us!!!
Can anyone recommend an insurer, in Malta that I can approach for quotes?
We will have 'S' docs in lieu of my EHIC when we arrive.
Sorry but I'm getting really hung up about this and whether I HAVE, as in MUST have, private insurance to qualify for self sustaining (non working)residence.
I don't know why I'm confused/stressed about this but I am.
Thanks.

Hi redmik,

i looked at your age from your profile and when you arrrive in Malta you would just about still qualify for private health insurance . My insurance company (Atlas) told me that they do not take new customers over 60. But you will still be under 60!

The yearly fee is around 600 € but will not cover any pre-existing conditions.

Atlas refer over 60's to British insurance companies that are a lot more expensive.

Dental and optical treatments are not covered

What do you mean by S documents? Coverage through the NHS? Once you become a resident you are not covered through the EHIC card.

You will (must) have to have health coverage to apply for residency in Malta.

Once you have a UK pension you can transfer your entitlement to Malta and qualify for the state health coverage here.

Cheers
Ricky

S1 form - transfer of entitlement to health cover from one EU country to another (used to be E108, 109, 120 etc, now consolidated into one)

you need health cover - that could be

1. private insurance
2. transfer of existing rights S1
3. as UK passport holder use of reciprocal health agreement
4. payment of social security contributions

are there limits in the eligibility for the RHa card

yes, its only very basic cover, but sufficient for residency certificate purposes

https://ehealth.gov.mt/HealthPortal/chi … ltauk.aspx

Description

Persons registered with the Entitlement Unit under this scheme will be issued with an entitlement card hereinafter referred to as RHA Entitlement Card.
Persons issued with the RHA Entitlement Card will be entitled for free healthcare services in local public healthcare institutions on an in-patient and out-patient basis as well as other specialist services provided for Maltese nationals.
RHA Entitlement Card holders will not be entitled for:

    treatment abroad including the UK
    the European Health Insurance Card
    long-term care and other things and services provided for under the Social Security Act and other legislation.

As from the 1st July 2010, UK nationals covered by the Reciprocal Health Agreement will be required to present the new Entitlement Card or Provisional Entitlement Certificate to be issued in terms of this agreement to access public healthcare services.


Who is eligible for the Service?

UK passport holders who are ordinary residents of Malta and who are not covered for healthcare through EU Regulations.


Applying for an RHA Entitlement Card

Registration for this scheme requires that a separate application form is to be submitted for each person.
You can apply by:

    Downloading and application by clicking here, fill it up and send on below indicated postal address.
    Collecting an application forms from the Entitlement Unit and return it to the Head of Entitlement Unit, Ministry of Health, the Elderly and Community Care, 23, St. John's Street, Valletta. VLT 1168

N.B.: Applicants who are not in a position to supply a copy of their residence certificate/permit with the application may still apply however they will be only given a provisional cover.


Renewing an RHA Entitlement Card

The issued card will be valid for 2 years. Applications for renewals will be received up to 1 month before the expiry date. In cases where you are applying before the expiry of the card, the still valid card has to be submitted with the application for a new card to be issued.


What are the Applicant's obligations?

Applicants are obliged to provide correct information and supporting documents requested by the Entitlement Unit. Applications which are incorrectly filled or lacking supporting documentation will not be processed.

The valid RHA Entitlement Card must be presented each time the card holder requires in-patient or out-patient services in national public healthcare institutions.

The Entitlement Unit must be informed if a cardholder:

    Dies
    Starts work or starts getting a state pension from another country
    Moves address in Malta, or to another country including the UK.


What will the Department / Unit provide in return?

The Entitlement Unit will issue the RHA Entitlement Card within 15 working days from receipt of application. Cards are processed on a first come first served basis.

think of it as 3rd party car insurance, paying social security contribs is 3rd party fire and theft, private insurance as fully comp

there are some fairly large holes in the coverage - " no treatment abroad including the UK" - many serious and expensive treatments on Maltese are carried out in the UK - so its not great, and really I wouldn't rely on it, but it is there

This seems a bit complicating? And, one already has to be a resident but in going through that process prove that one is entitled! Unless I'm being really thick here.

Who is eligible for the Service?
UK passport holders who are ordinary residents of Malta and who are not covered for healthcare through EU Regulations.

redmik wrote:

This seems a bit complicating? And, one already has to be a resident but in going through that process prove that one is entitled! Unless I'm being really thick here.

Who is eligible for the Service?
UK passport holders who are ordinary residents of Malta and who are not covered for healthcare through EU Regulations.

You missed this
N.B.: Applicants who are not in a position to supply a copy of their residence certificate/permit with the application may still apply however they will be only given a provisional cover.

1. Get temporary rha
2. Apply for residency. Cert
3. When get it, get full rha

However, if you have an S1, use that, it's much better coverage

georgeingozo wrote:

However, if you have an S1, use that, it's much better coverage

So the S1 will be sufficient to prove we will not be a threat to the health service and therefore enable us to apply for ordinary residency?

I was also informed that the S1 only lasts for 12 months (Jan - Jan) but I have interpreted that as the S1 document itself and that I should use it within the validity period to complete the necessary registrations. As we arrive in July I will have 5 months to complete all residency applications etc. (Though I do intend to complete asap after arrival.)

Sorry to be such a bore but have I cracked this?

Arrive on Malta.
Apply for temporary RHA, supported by or just use S1 until Jan 2014.
Apply for Ordinary Residency in the meantime and asap.
When Residency Cert received apply for permanent RHA.

yes, but if you have S1 use that once resident as fuller coverage

georgeingozo wrote:

yes, but if you have S1 use that once resident as fuller coverage

I have been told from the authorities here by phone that our S1's once issued are only valid for any 12 months January to January, so I don't see how I can use it after January 2014.
Unless, of course, I was being given 'duff gen'.

you maybe able to renew it, depending on when you last paid NI

So, as I posted elsewhere and after latest advice I can, for health cover, (see similar thread):

Arrive on Malta.
Apply for temporary RHA, supported by S1 until Jan 2014, using passport and ID card if still issued.
(If S1 'runs out' apply to UK for renewal depending upon circumstances.)
Apply for Ordinary Residency in the meantime and asap.
When Residency Cert received apply for permanent RHA.

To quote........... 'by Jove I think (s)he's got it'.
Blimey! I must appear to be a bit thick!!

Hallelujah!! and I know you have all been telling me this but, just received this e-mail from [email protected]
May not work out like this but I have something in writing.

Dear Sir
Please bring the S1 - for you and for your wife – together with your Maltese ID card when you are living in Malta for registration at our office.
Office hrs:  Monday, Wednesday and Friday from 9.00 a.m. to 12.00 and Wednesday from 2.00 p.m. to 4.00 p.m.
Upon registration of S1, a Certificate of Entitlement is issued from our office that entitles you for health care in state hospitals/health centres in Malta/Gozo as Maltese.