Axa Hong Kong and Macau has launched CareForAll Hospital Cash Plan which gives customers a daily hospital cash benefit and is accessed via a relaxed underwriting process.
The plan aims to ensure that customers can focus on their well-being without added stress.
The underwriting process requires the customer to answer three simple health questions mostly focusing on their health conditions of the past two years.
There is no need to perform any medical examinations
Customers will receive. HK$1,000 (£100) daily cash provided as a hospital income benefit while they are staying in the hospital as an in-patient for up to 120 confinement days per policy year.
If hospitalisation overseas (outside of Hong Kong, Macau, or mainland China) is required, a 50% adjustment will be applied and customers will be offered HK$500 (£50) daily cash for each day of hospitalisation under hospital income benefit. This is to ensure customers receive assistance during the hospital stay, regardless of the location.
The plan also coverage with key features such as covering the hospitalisation resulting from pre-existing conditions from the third policy year onward and guarantees annual renewal with coverage until the insured reaches the age of 100.
The plan also offers complimentary medical check-ups.
Regardless of the check-up results, customers will receive a medical check-up bonus equal to a 10% premium rebate of that policy year’s premium. The check-up bonus can be used to pay future premiums of their policy.
And apart from choosing CareForAll Hospital Cash Plan as a standalone basic plan, customers can also purchase CareForAll Hospital Cash Supplement as a supplement to designated individual life insurance or medical insurance basic plans. The supplementary option provides greater flexibility in terms of protection choices.
Janet Lee, chief life and health insurance officer at Axa Hong Kong and Macau, said: “Having good health is not something to be taken for granted, but everyone deserves appropriate and reliable protection to alleviate financial pressures during hospitalisation.
“Last year, we introduced the CareForAll Critical Illness Plan, offering comprehensive health value-added services to encourage customers to adopt healthier lifestyles.
“This year, we continue our commitment to providing customers with appropriate and reliable protection by launching an enhanced hospital cash plan and covering the confinement resulting from pre-existing condition(s) from the third policy year onwards.
“Axa will continue to actively listen to customers’ health management needs and continuously improve our products.”