Source: Media Outreach
HONG KONG, CHINA – Media OutReach – 26 February 2020 – Chubb announced the launch of Group Critical Illness Insurance in Hong Kong SAR. With rising medical inflation, ensuring sufficient coverage for critical illnesses is challenging and gaps are likely to emerge. Employers stepping up to fill this gap will be seen as employers of choice with a strong commitment to care for their employees.
Chubb’s Group Critical Illness Insurance has been designed to provide varying levels of protection to cater to different needs. The plan has pre-set age bands with fixed premiums without variation for gender or the need to declare existing medical conditions. This facilitates easy purchase by employers so they can protect their employees.
Highlights of this product includes[1]:
1. Three different pre-set plans, with maximum limits at HKD100,000, HKD200,000 and HKD300,000
2. Three coverage options: cancer only, three critical illnesses or 36 critical illnesses
3. Four age bands for insured employees: 20-45, 20-55, 20-60 or 20-65 years old
4. Unisex premium
5. Unnamed basis
6. No medical check-up required / no medical questionnaire
Stanley Wong, President of Chubb’s general insurance business in Hong Kong SAR said, “Increasing advances in medical technology mean that most diseases can be cured. However, the surging costs of the latest treatment and medicine can be a heavy burden to many. By providing protection for employees beyond the traditional coverage for death and disability, a responsible and caring employer will certainly have an edge over others.”
For more information about Chubb’s Group Critical Illness Insurance, please visit chubb.com/hk-en/business/group-critical-illness-insurance.aspx.
[1] These product highlights are an overview of the key features of the product. Please see the actual policy for exact terms, conditions and exclusions.
– Published and distributed with permission of Media-Outreach.com.
