Understanding "Per Lifetime" Limits in International Private Medical Insurance (IPMI)

Per Lifetime" Limits in IPMI - What You Need to Know

“Per lifetime” is a term commonly used in insurance policies, including International Private Medical Insurance (IPMI), to describe a coverage limit or maximum benefit that is set for the entire lifetime of a policyholder. This type of coverage limit applies to the total amount of benefits a policyholder can receive for a specific condition, procedure, or treatment, over the entire course of their life, regardless of how many times they may need to make a claim.

For example, an IPMI policy may have a maximum benefit limit “per lifetime” for a specific medical procedure such as surgery. This means that the policyholder is entitled to receive a maximum of X amount of benefits for that procedure over the course of their lifetime, regardless of how many times they may need to undergo the procedure in the future. Once the maximum benefit has been reached, the policyholder will be responsible for paying any additional expenses related to that procedure.

It’s important for policyholders to understand the “per lifetime” limits of their IPMI policy and to keep track of any claims they make against those limits, so that they can plan for any out-of-pocket expenses that may arise in the future. Policyholders should carefully review their policy documents and seek advice from their insurance company if they have any questions about their coverage.