Insuremed Administrators (Pty) Ltd is a specialist Underwriting Manager with our core business being the sourcing, administering and servicing of Gap Cover products.
Through our associated partners we have access to Gap Cover providers, a dedicated campaign management & distribution capability and administration services which enable us to deliver customised Gap Cover solutions of the highest quality.
Insuremed was founded in 2012 and with Western National Insurance Company and Old Mutual Insure as underwriters, a national base of clients are serviced with medical expense shortfalls and co-payment cover.
The company’s structure has been established to ensure efficient new business processing, a clear-cut claims administration process and uncomplicated underwriting.
Our entire business is focused on operational efficiency, with the primary objective being easy access and convenience from a client experience point of view.
The key is to ensure the product and offering is appropriately priced, structured and serviced in order to complement the medical scheme benefit of the client as an enhancement to his/her health portfolio.
Gap Cover is a short term insurance product which is managed by Insuremed as binder holder and underwriting manager.
Gap Cover provides cover for medical expense shortfalls that could occur during in-hospital procedures when medical service providers charge up to 500% more than what the medical scheme tariff is.
There are also out-of-hospital benefits offering cover for co-payments imposed by medical schemes for certain specified procedures and scans.
The two Gap Cover products currently being managed by Insuremed are:
- GapCover® – the registered trademark of the short term insurance product which, with CoPay Cover, is underwritten by Western Insurance.
- Old Mutual Gap Cover – underwritten by Old Mutual Insure