Private Health Insurance Australia
Medibank, a major Australian Private Health Insurer, made $441.2 million annual net profit last financial year.
Medibank customers will soon be receiving cash back payments ranging up to $667.
Milosh Milisavljevic, from Medibank, said their commitment was to ensure they would not profit from the pandemic and would return any COVID-19 permanent net claims savings to customers.
Their COVID-19 support package and give back program has now reached a record $950 million.