MBF Health Insurance wins CANNEX top award for outstanding value
October 19, 2009 (PRLEAP.COM) Health NewsLeading private health insurance company, MBF was today announced as a national winner of CANSTAR CANNEX'S highest health insurance accolade – the Outstanding Value Private Health Insurance Award.
The CANSTAR CANNEX award recognises the exceptional overall value offered by MBF's national suite of health insurance products including hospital extras and packaged cover available in Australia.
Bupa Australia* Marketing, Product and Corporate Affairs Director Mark Engel said MBF was proud to be named a national winner of the Outstanding Value Private Health Insurance Award for the second year in a row. He said the award highlighted the exceptional health cover products and services offered by MBF that put the product suites at the top of the market.
"We are extremely pleased that MBF has been recognised by this prestigious national award for the second consecutive year," Engel said. "This award recognises that MBF offers customers health cover that is innovative, competitively priced and has high-quality features and benefits, which is supported by outstanding customer service," he said.
In addition to the national award, MBF's extras health cover won the Outstanding Value Private Health Insurance Award in New South Wales, Australian Capital Territory, Northern Territory and Western Australia, while its packaged health cover won the Outstanding Value Private Health Insurance Award in Western Australia.
CANSTAR CANNEX Head of Research Steve Mickenbecker said in releasing its second annual comparison of Australia's private health insurance products, CANSTAR CANNEX had reviewed and rated more than 10,000 quotes across 1,500 private health insurance products.
He said the review consisted of a rigorous investigation, with each health insurance product being performance measured across all Australian states and territories and against eight commonly-identified profiles that covered young singles, young families or couples, established families, young single parents, mature singles and mature couples.
"Our second annual health insurance review was way beyond the scope of ordinary consumers. That's why the report is so important and an immensely valuable resource for those who are serious about comparing health funds and products," Mickenbecker said.
"From our review, it was clear that MBF's health insurance products were consistent across the board and that the company stood out for the broad and deep value it offered customers."
Engel said it was important for customers to shop around to find the policy that best suited their needs. "Different policies offer different features and benefits, and the cheapest policy does not always represent the best value," he said. "So it's important to take the time to find a health insurance policy that meets the needs of you and your family at your current stage in life."
MBF Health Insurance has been looking after Australians for more than 60 years. As a leading private health insurer, our primary aim is to help all Australians live longer, healthier and happier lives.
MBF proudly provides health cover to around 1.7 million Australians – giving them the confidence to better manage their healthcare needs. We have a broad range of quality health insurance products to support people at all of life's different stages, and we have an extensive member centre network across the country. Recently, we were independently assessed by CANNEX and received the Outstanding Value Private Health Insurance Award.
In addition to our core private health insurance business, the MBF group of companies offers life and travel insurance, as well as financial planning, superannuation and managed investment products through ClearView Financial Solutions, ClearView Life Nominees and MBF Life.
About Bupa Australia
Bupa Australia is a leading healthcare provider. With a significant presence in every Australian State and Territory, the company operates under the trusted and respected brands, MBF, HBA, Mutual Community and Clearview, proudly covering over three million Australians.
Bupa Australia is driven by the vision of "Taking care of the lives in our hands" and has the goal of helping people live longer, healthier, happier lives. The company is focused on providing sustainable health insurance and financial services solutions that represent real value to customers, and on leading the industry in the promotion of preventive health and wellness - helping customers to better manage their health for the long-term.
As part of the international Bupa Group, Bupa Australia draws on the strength and expertise of a recognised international leader in the healthcare industry. The Bupa Group covers over 10 million people in over 200 countries, and provides other health and financial services to many more millions of customers around the globe.
About CANSTAR CANNEX
Founded in 1992, CANNEX (Aust) Pty Limited is Australia's premier researcher of retail finance information for over 350 institutions. Customers can download the CANSTAR CANNEX health insurance star ratings report on www.canstarcannex.com.au.