Group Critical Illness Insurance - Chubb in Hong Kong

Group Critical Illness Insurance

Critical illnesses tend to be attributed to four common modifiable risk factors – physical inactivity, unhealthy diet, tobacco and harmful use of alcohol. Critical illnesses like cardiovascular diseases and other non-communicable diseases like cancers and diabetes are responsible for 40 million annual deaths, including 15 million people aged between 30 and 70 globally1

In Hong Kong, 59.3% of all registered deaths in 2017 are caused by six types of non-communicable diseases, namely, cancers, diseases of heart, cerebrovascular diseases, chronic lower respiratory diseases, injuries and poisoning, and diabetes mellitus2

What is Group Critical Illness Insurance?

It refers to insurance covering events such as diagnosis of dread diseases including cancer, kidney failure, heart attack, stroke and paralysis, amongst others.

Coverage Highlights



Lump Sum Payout per person upon diagnosis - 100,000 (Plan 1), 200,000 (Plan 2), 300,000 (Plan 3) 


3 Coverage Options ie Cancer only, 3 Critical Illnesses and 36 Critical Illnesses


4 plan options depending on age groups

Use Payout For



Special Diet


A caregiver to care for family members


Transport


Second Medical Opinion

Eligibility

Aged from 20 – 65 years. This age range caters to today’s workplace as people are living and working longer.

Proportional Mortality3

Did you know in Hong Kong?

  • 104600 potential years of life are lost before the age of 70 from critical illnesses4
  • 12.6% of adult population suffers from raised blood pressure5
  • 15.7% of new cancer cases in 2016 were attributed to lung cancer6
  • 10% of smokers are aged 15 and above7

With rising medical costs, ensuring sufficient coverage for critical illnesses is challenging and gaps are likely to emerge. Employers stepping in to fill this gap will be seen as employers of choice with a stellar commitment in caring for their employees. By providing group insurance coverage for critical illnesses, employers compensation and benefits package becomes market-leading as it goes beyond the traditional coverage for death and disability.

 

1http://www.who.int/en/news-room/feature-stories/detail/thailand-s-physical-activity-drive-is-improving-health-by-addressing-ncds
2https://www.healthyhk.gov.hk/phisweb/plain/en/
3https://www.dh.gov.hk/english/statistics/statistics_hs/files/Health_Statistics_pamphlet_E.pdf
4https://www.info.gov.hk/gia/general/201805/04/P2018050400399.htm
5Aon Asia Healthcare Trends 2017/18, Page 30.
6https://www.chp.gov.hk/en/healthtopics/content/25/49.html
7https://www.dh.gov.hk/english/statistics/statistics_hs/files/Health_Statistics_pamphlet_E.pdf

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