Aussies to receive $395 million cash boost just before Christmas
Health insurer Bupa has announced a massive increase to their Covid-19 savings scheme, giving eligible Aussies a cash injection right before Christmas.
Bupa shared that their cash back scheme will increase by a hefty $75 million, taking the total amount handed back to Aussies to $395 million.
The 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 extra $75 million earlier this week.
Payments for the 1.8 million eligible policy-holders will range from $47 to $344, depending on their policy and level of cover.
The first of the payments will be paid to recipients in November, with most eligible customers receiving their financial boost before Christmas.
Bupa Health Insurance managing director Chris Carroll said he hoped the payments would help members deal with the inevitable extra spending around the holiday season.
"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.
Bupa customers are urged to make sure their bank details with the insurer are up to date so they can get their payments with no issues, and start spending for the festive season.
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