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Health insurer Bupa has announced an extra $75 million in COVID-19 savings will be returned to eligible customers, taking the total cashback amount to $395 million.
The cashback payments are part of Bupa’s cost of living support and COVID-19 related savings.
The insurer previously committed to $320 million in June, before announcing the $75 million this week.
Payments for the 1.8 million eligible policy-holders will range from $47 to $344, depending on their policy.
Many are set to receive their payments ahead of Christmas, with the first to be paid in November.
Bupa Health Insurance managing director Chris Carroll said he hoped the payments would help members deal with the extra spending around the holiday season.
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“The money will go directly into our members’ bank accounts, giving them more choice to use the money in a way that is most valuable to them,” he said.
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Bupa customers are urged to make sure their bank details with the insurer are up to date.
Customers eligible for cashback payments include domestic members who held an active Bupa hospital and/or extras policy for at least 90 days between July 1, 2022, and June 30, 2023, and international members who held an active Bupa domestic extras policy for at least 90 days during the same time frame.
Ambulance-only policies are excluded.
