'DKV Globality' was established in 2008 in Luxembourg and rebranded as simply 'Globality' in 2012.
The term DKV alluded to Deutsche Krankenversicherung (German Health Insurance), a reference to the company's German roots as a subsidiary of the Munich Re group. Under the Munich Health brand, Munich Re pools its insurance operations, as well as related services in international healthcare business.
The rebranding came about in 2012, we suspect, as part of an attempt to distance itself from the fact that because of adverse maternity and IVF claims, it had had to roughly double its premiums.
Against the trend in the industry, where 12 months is the norm in waiting periods for maternity insurance, DKV Globality had offered an 8 month wait. As a result people had oftentimes had their child in under a year and then not renewed in the second year, leaving the company out of pocket by many years of forgone premiums.
In consequence of this the new Globality does not offer its two highest plans: 'YouGenio Top' and 'YouGenio Plus' products to expatriates in:
- Hong Kong,
- Singapore and
Cover options in these areas are thus just the Essential and Classic plans.
Globality also offers a Corporate Group Medical scheme, called 'CoGenio'.
For Expatraites residing in Germany or German residents leaving Germany, Globality has a developed a modifed 'Yougenio' for Germany product.
The Globality YouGenio World plan consists of four plan levels.
The new Essential plan includes unique critical illness treatment to safeguard both your health and your budget.
Classic and Plus plans not only feature improved outpatient, inpatient and dental care throughout the world, but now offer more deductible options.
Globality YouGenio World Top is – as it always was – Globality's most comprehensive cover available.
Globality CoGenio range offers first-class healthcare with optimum outpatient, inpatient and dental care as well as special assistance services.
Plan levels differ with regard to the nature and amount of agreed benefits and are available with local cover options for Russia and the United Arab Emirates.
For groups of 10+ Globality will offer to disregard medical history and in cases where the option for a staff and their dependents to continue cover on an individual plan on leaving the company, this can also be arranged.
Globality Health has established a global network of Healthcare Service Satellites under the brand name Globalites. Its competent professionals are familiar with the local healthcare system and regional structures. They will recommend doctors and hospitals, make appointments or procure medication.