Chubb Life Rolls Out Critical Illness Coverage in Hong Kong
Chubb Life Hong Kong has unveiled its new Serene Care Critical Illness Protector, a unique insurance plan specifically designed to cover critical illnesses, including those requiring intensive care unit (ICU) stays. This plan is notable for being the first of its kind in Hong Kong to offer pure critical illness insurance with limited premium payment terms.
The Serene Care plan provides coverage for a wide range of 144 illnesses, offering customers flexibility through four different payment options. Policyholders have the choice of eight-, 12-, 18-, or 22-year payment terms, or a yearly renewable option that extends coverage up to age 100. The plan provides protection for both major and minor illnesses, including conditions necessitating ICU stays. A Protection Revival Benefit has been included, which restores full coverage after claims for minor illnesses. This enables customers to supplement their current coverage with affordable premiums, customized to their financial situations.
This new product represents a significant development in the Hong Kong insurance market, providing comprehensive coverage for critical illnesses and offering customers multiple payment options to suit their individual needs.
