Medicare International has launched a new private health insurance policy targeted at working and retired expatriates of all nationalities around the world.

The new policy option allows clients to choose between four levels of cover, while also offering extra benefits in areas such as maternity care, pregnancy cover and childhood vaccinations.

Designed to reflect recent rises in the the cost of complex medical operations, the policy doubles the cover available for organ transplants. In addition, the policy offers a new service covering outpatient psychiatric care costs.

David Pryor, senior executive director at Medicare, said: "Our client feedback tells us that, working abroad, people want the best possible cover and are not prepared to cut corners."