Hozpay

Description

Hozpay is an Australian discretionary mutual that provides members with access to a Hospital Stay Protection Benefit, designed to assist with the financial impact of eligible hospital stays.

Hozpay Mutual Ltd is a public company limited by guarantee and operates as a discretionary mutual. Members who purchase protection may be eligible to receive a fixed daily payment for overnight hospital stays, subject to plan limits, waiting periods, exclusions, and the discretion of the Hozpay Mutual Board.

The protection is not insurance. It is a discretionary financial risk product regulated under the Corporations Act 2001 (Cth). Members do not have a contractual right to claim payment. All claims are assessed and paid at the discretion of the Board in accordance with the Hozpay Mutual Constitution, Product Disclosure Statement, and Protection Wording.

Hozpay offers two plans, providing fixed nightly benefits of $500 or $1,000, with a maximum benefit period of eight nights per protection period. Emergency hospital stays are not subject to a waiting period, while other hospital stays may be subject to applicable waiting periods and exclusions.

Hozpay is managed by Hozpay Management Pty Ltd, an authorised representative of Asia Mideast Insurance and Reinsurance Pty Ltd (AFSL 239926). Hozpay Management provides general advice and factual information only and does not provide personal advice.

Hozpay is designed for individuals whose objectives, financial situation, and needs align with the target market described in the Target Market Determination, including those who may not have access to traditional insurance arrangements and who understand and accept the discretionary nature of the protection.

Members are encouraged to review the Product Disclosure Statement, Target Market Determination, Financial Services Guide, and Constitution before applying for membership or protection.

Specialties

Locations

Addresses

• AUGold Coast, Queensland 4212Primary

Grid intelligence Members