To mark the launch of Tesco Health Insurance Finest Cover, Tesco is offering to cut premiums for customers who already have health insurance with BUPA, Standard Life Healthcare and Norwich Union Healthcare.

Until October 16, 2007, Tesco is offering those customers a guarantee that they can reduce their annual premium by 20% for a similar level of cover if they switch to Tesco Health Insurance.

To support the offer, Tesco has launched an additional level of health insurance cover named Finest Cover, which includes cancer treatment for up to three years, treatment for pregnancy complications and a private hospital transport service. There is no annual maximum cover on in-patient and out-patient treatment.

Jeremy Sutton, head of savings and investments at Tesco Personal Finance, said: Tesco entered the private medical insurance (PMI) market to encourage more people to look at PMI by offering straightforward products at prices which offer good value. We have price-checked and found we were cheaper than other providers for eight out of ten people. Customers could save as much as GBP252 per year with Core Cover and GBP336 for Premium Cover. We are pleased this research proves we can offer genuine savings and urge anyone considering buying this type of cover to shop around.