Medibank (ASX: MPL) Announces $ 105 Million Returns To Customers

Medibank (ASX: MPL) have announced to their customers a repayment of US $ 105 million through reduced bonuses. The discharge is the third phase of the company’s financial support package and return program.

The total return package has reached a total of $ 300 million since the pandemic began. The premium relief is up to $ 52 for policies only for extras that include services such as chiropractic and physical therapy, and $ 175 for hospital and extra insurance.

Payment is available to Australian Medibank and AHM customers who have active hospital and / or supplementary insurance between July 1, 2020 and June 30, 2021. The majority of customers should receive the premium relief by the end of September 2021.

David Koczkar, CEO of Medibank, said, “We have been there for our customers to help them navigate these challenging times and this giving back is just another example of how we support our customers.”

Medibank shares (ASX: MPL) trading 0.3 percent higher at $ 3.16.