Latest news with #Admiral
Daily Mirror
14 hours ago
- Health
- Daily Mirror
10 medical conditions you must declare to travel insurer when going on holiday
Admiral Travel Insurance have listed the top 10 most common conditions declared on travel insurance policies over the last year - failing to disclose all conditions can lead to higher costs Travel insurance is an essential part of holiday planning, providing a safety net should you require medical assistance while overseas. Experts are warning holidaymakers that failing to disclose all medical conditions when securing travel insurance could lead to higher costs. With medical repatriation fees potentially exceeding £100,000, Admiral Travel Insurance advises customers to fully inform their insurer about any medical diagnoses. Despite the availability of GHIC or EHIC cards for many UK travellers, these offer only limited protection and are not substitutes for comprehensive travel insurance. Cosmin Sarbu, Admiral's head of travel insurance, said: "For peace of mind and to ensure you are covered, it's always best to declare all medical conditions when taking out a travel insurance policy, before you travel." He added that while the likelihood of filing a medical claim is low, the financial and emotional toll of illnesses or injuries abroad can be significant. Sarbu warned: "If you haven't declared all medical conditions, you won't have insurance in place to cover all of the costs, this can mean you are responsible for paying tens of thousands to be treated and returned home safely should you try to make a claim." It's important to note that a GHIC or EHIC card does not cover the cost of medical repatriation, reports the Daily Record. Cosmin said: "Generally, we need to know about all medical conditions someone currently has. "With some conditions, such as heart problems, we need to know if someone has ever been diagnosed with them, even if they've now recovered and are no longer being treated for these." He emphasised the importance of full disclosure when seeking travel insurance quotes: "At Admiral, we ask about these when someone gets a travel insurance quote. "It's always best to include all medical conditions you've had or check with your insurer before you take out cover, if you're not sure." Cosmin also highlighted the company's efforts to ensure customers don't overlook any details: "We prompt customers when they go through a quote with us to remind them what medical conditions they need to tell us about. "Travellers need to tell us about what even might seem like a minor visit to a doctor or GP for advice, treatment or prescriptions, any ongoing investigation into their health or if they're waiting for a diagnosis. "They also need to declare if they're on a waiting list for inpatient treatment. If you're not sure what condition you were seen for, check with your doctor to ensure you include an accurate description when you buy your policy." Admiral's data found that the top ten most common conditions declared on travel insurance policies between May 2024 and March 2025 were: High Blood Pressure High Cholesterol Anxiety and/or Depression Asthma Diabetes Osteoarthritis Underactive Thyroid Coronary Angioplasty Hypertension Heart Attack Cosmin added: "Although insurance costs vary depending on the type of condition, how much a medical condition affects your premium also depends on other factors, like the number of people travelling on a policy, how long you're going for and the travel destination. "While it's not possible to say specifically how particular medical conditions can impact on premiums, Admiral has provided some examples to indicate how much a premium could increase by when adding some common conditions." Currently, Admiral provides cover for over 3,100 different medical conditions. There are some conditions that can't be covered, but Admiral said it's always worth running these past your insurer first, as it does vary case-by-case. Admiral will recommend specialist travel insurance alternatives through the MoneyHelper directory if they're not able to cover a medical condition. Cosmin said: "We ask our travel insurance customers to declare all medical conditions, including any ongoing treatment, when taking out a policy. This is to ensure we can provide cover at an appropriate price for the customer based on their medical needs. Not doing so could leave someone underinsured if they make a claim or could invalidate their insurance entirely. "If a customer requires medical treatment while abroad which is related to medical conditions that haven't been declared to us, we may decline their claim. Or if someone has failed to declare medical conditions which would have resulted in a higher premium, we may pay the claim on a proportional basis. "This means we will only cover the claim up to the percentage of the premium they have paid, and the customer will be responsible for any costs over and above the proportional settlement. "We never take the decision to refuse or proportionally settle a claim lightly and we will always work with the customer to ensure they receive adequate support in these cases. "However, they could end up having to pay medical treatment fees themselves and these can run into hundreds or even thousands of pounds." Cosmin continued: "We completely understand that some travellers might be worried about declaring medical conditions because they think it will increase the cost of their insurance. Declaring a medical condition doesn't always result in a higher premium and even if it does, the additional cost will ensure they are protected should the worst happen while they are away. "Some travellers might not be aware of what they need to declare. So, the best advice is to check with your travel insurer and to let them know about any medical conditions you have. "We always want to look out for our customers and encourage you to reach out if there's anything you're unsure of in the process of buying travel insurance." And there is one thing you don't have to declare. Cosmin said: "We don't consider menopause, whether requiring HRT or not, to be a medical condition and don't require customers to declare it."
Daily Record
2 days ago
- Business
- Daily Record
10 medical conditions that must be declared to insurers when going on holiday
Holidaymakers must be up front about all diagnoses when buying their travel insurance Travel insurance is a crucial part of booking a holiday in case the worst happens and you need medical help while abroad. And experts have warned that when taking out cover, there are a list of medical conditions you must declare or risk a hefty bill. With the cost of medical repatriation estimated at £100,000 or more, Admiral Travel Insurance said that it pays to make sure your provider is aware of all medical diagnosis. Although many Brits may have a GHIC or EHIC card, these only provide limited cover and therefore shouldn't be seen as a replacement for travel insurance. Cosmin Sarbu, Admiral's Head of Travel Insurance, said: "For peace of mind and to ensure you are covered, it's always best to declare all medical conditions when taking out a travel insurance policy, before you travel. "Although the chances of having to make a medical claim are slim, illness or injuries can be both very distressing and expensive to resolve. "If you haven't declared all medical conditions, you won't have insurance in place to cover all of the costs, this can mean you are responsible for paying tens of thousands to be treated and returned home safely should you try to make a claim," reports Lancs Live. Medical repariation is not covered by a GHIC or EHIC card. Cosmin said: "Generally, we need to know about all medical conditions someone currently has. With some conditions, such as heart problems, we need to know if someone has ever been diagnosed with them, even if they've now recovered and are no longer being treated for these. "At Admiral, we ask about these when someone gets a travel insurance quote. It's always best to include all medical conditions you've had or check with your insurer before you take out cover, if you're not sure. "We prompt customers when they go through a quote with us to remind them what medical conditions they need to tell us about. Travellers need to tell us about what even might seem like a minor visit to a doctor or GP for advice, treatment or prescriptions, any ongoing investigation into their health or if they're waiting for a diagnosis. "They also need to declare if they're on a waiting list for inpatient treatment. If you're not sure what condition you were seen for, check with your doctor to ensure you include an accurate description when you buy your policy." Admiral's data found that the top ten most common conditions declared on travel insurance policies between May 2024 and March 2025 were: Ranking 1 High Blood Pressure 2 High Cholesterol 3 Anxiety and/or Depression 4 Asthma 5 Diabetes 6 Osteoarthritis 7 Underactive Thyroid 8 Coronary Angioplasty 9 Hypertension 10 Heart Attack Cosmin said: "Although insurance costs vary depending on the type of condition, how much a medical condition affects your premium also depends on other factors, like the number of people travelling on a policy, how long you're going for and the travel destination. "While it's not possible to say specifically how particular medical conditions can impact on premiums, Admiral has provided some examples to indicate how much a premium could increase by when adding some common conditions." Currently, Admiral provides cover for over 3,100 different medical conditions. There are some conditions that can't be covered, but Admiral said it's always worth running these past your insurer first, as it does vary case-by-case. Admiral will recommend specialist travel insurance alternatives through the MoneyHelper directory if they're not able to cover a medical condition. Cosmin said: 'We ask our travel insurance customers to declare all medical conditions, including any ongoing treatment, when taking out a policy. This is to ensure we can provide cover at an appropriate price for the customer based on their medical needs. Not doing so could leave someone underinsured if they make a claim or could invalidate their insurance entirely. 'If a customer requires medical treatment while abroad which is related to medical conditions that haven't been declared to us, we may decline their claim. Or if someone has failed to declare medical conditions which would have resulted in a higher premium, we may pay the claim on a proportional basis. "This means we will only cover the claim up to the percentage of the premium they have paid, and the customer will be responsible for any costs over and above the proportional settlement. 'We never take the decision to refuse or proportionally settle a claim lightly and we will always work with the customer to ensure they receive adequate support in these cases. "However, they could end up having to pay medical treatment fees themselves and these can run into hundreds or even thousands of pounds.' Cosmin continued: 'We completely understand that some travellers might be worried about declaring medical conditions because they think it will increase the cost of their insurance. Declaring a medical condition doesn't always result in a higher premium and even if it does, the additional cost will ensure they are protected should the worst happen while they are away. 'Some travellers might not be aware of what they need to declare. So, the best advice is to check with your travel insurer and to let them know about any medical conditions you have. 'We always want to look out for our customers and encourage you to reach out if there's anything you're unsure of in the process of buying travel insurance.' And there is one thing you don't have to declare. Cosmin said: "We don't consider menopause, whether requiring HRT or not, to be a medical condition and don't require customers to declare it."
Yahoo
29-05-2025
- Business
- Yahoo
Vanguard's 2 New Muni ETFs Have an Advantage Over Mutual Funds
Who wants some beta? Vanguard rounded out its municipal bond fund suite last week with a pair of passively managed tax-exempt funds: the Long-Term Tax-Exempt Bond and New York Tax-Exempt Bond ETFs. The strategies are new, not replicating existing mutual funds from the company's extensive product line. There are, however, two active mutual funds in the same category, the Admiral shares of which charge 9 basis points — the same fee charged by the passive ETFs. But there is still a draw for index-level returns, or beta. 'Some clients just want the beta,' along with the low cost and ease of operation with an ETF, said Perryne Desai, senior fixed income product manager for the two new funds. 'Now that bonds are actually yielding something and they are a safe harbor … there is no better time to be in fixed income. There's no better time to be in munis.' This story was originally published on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Vanguard has been building out its muni bond ETF line for two years, Jeff DeMaso, editor of The Independent Vanguard Adviser, said in a statement about the launch. With the additions, Vanguard has two dozen muni mutual funds and ETFs. The two new products 'won't turn heads but are practical additions to Vanguard's roster,' DeMaso said. And they don't necessarily offer a cost advantage over two existing active mutual funds, unless one takes into account the $50,000 minimum needed for Vanguard's Admiral shares — the Investor shares, which have a $3,000 minimum, charge 17 basis points for the Long-Term and 14 for the New York version. 'If you are willing to own a mutual fund (over an ETF), you can get Vanguard's active management for free,' DeMaso said. 'That's a good deal in my book.' Some of the details about the active funds: The Long-Term Tax-Exempt Fund, at $16.9 billion, has trailing returns of 0.26% over a year, 2.9% over three years, and 0.76% over five years, data from Morningstar show. The New York Long-Term Tax-Exempt Fund, at $5.1 billion, returned 0.28% over a year, 3.04% over three years, and 0.73% over five. Better for the Beta: The new ETFs are managed by Vanguard's fixed income group, whose track record in active management benefits the index team, Desai said, citing the example of the nearly 10-year-old Tax-Exempt Bond ETF, which has a beta of 0.97, according to Morningstar. 'Our tracking error is pretty darn tight, and in municipals, that's difficult to accomplish.' The post Vanguard's 2 New Muni ETFs Have an Advantage Over Mutual Funds appeared first on The Daily Upside.
Times
22-05-2025
- Times
Suspended Royal Navy head has been ‘stitched up', allies insist
The suspension of the head of the Royal Navy was part of a 'dirty tricks campaign' to oust him, his friends say. Admiral Sir Ben Key, who is married with three children, has been told to 'step back from all duties' while an investigation is carried out into claims he had an affair with a female officer. It is the first time a first sea lord has faced a misconduct inquiry. • Head of Royal Navy suspended over 'affair with subordinate' Allies of Key, 59, have claimed that the allegations are a 'stitch-up', and the latest salvo after months of infighting at the top of the armed forces. Sources said that Key had clashed with other senior officers, including Admiral Sir Tony Radakin, the chief
Business News Wales
21-05-2025
- Business
- Business News Wales
Admiral Reaches Million-Pound Mark In Support Of The King's Trust
Cardiff-headquartered financial services company Admiral is celebrating a landmark achievement with more than £1 million raised by colleagues during a 12-year fundraising initiative with The King's Trust. Each year, different groups of Admiral colleagues from across the UK have come together to take part in the Million Makers, a CPD-accredited fundraising challenge organised by The King's Trust. This national competition invites teams to use their entrepreneurial skills to raise funds that support young people across the UK. From bake sales and physical challenges to raffles, colleagues applied teamwork, leadership and innovation outside their everyday roles, all while delivering meaningful impact for young people and their communities. The 2024 Admiral team, whose fundraising efforts pushed the overall total past the £1 million mark, celebrated their success at the National Final held at London's Plaisterers' Hall, hosted by Jamie Laing and Sophie Habboo. Their creative initiatives including prize draws, fitness challenges, bake sales and more earned the team and organisers several award nominations, including the prestigious Outstanding Individual Award. Admiral colleague Sławomir Krawcewicz from Newport said: 'Being part of the Million Makers team in 2015 had a lasting impact on me. As a dad of five, fundraising for a youth charity felt deeply personal. Knowing I played a part in creating new opportunities for young people is something I'll always be proud of. The experience was not only rewarding on a personal level but also gave me a taste of entrepreneurial thinking and opened my eyes to the challenges faced by those without strong role models or support at home. It's an experience I'll always cherish and reflect on with pride.' Michelle Leavesley, Chief Sustainability Officer at Admiral, said: 'We're incredibly proud of our colleagues for collectively raising over £1 million for The King's Trust. This milestone highlights how charities can work with large employers to raise funds while strengthening their own internal culture and engagement. Empowering our colleagues to make a difference has created real energy and connection across our teams. It's a powerful example of how purpose-led initiatives can boost morale, support skills development, drive societal impact, and help embed sustainability across the business.' Sinead Ward, Senior Manager – Employee Fundraising at The King's Trust, said: 'Reaching this incredible milestone of over £1 million raised is a testament to the unwavering dedication and generosity of Admiral employees. Young people are currently facing multiple challenges, and this collective effort will make a tangible difference to their lives enabling so many into positive outcomes. We are deeply grateful to all the Admiral Million Makers teams and employees who have played a part in reaching this inspiring milestone.'
