As a group insurance and pension service provider who cares about employees' health, AIA Hong Kong understands employees' need for cancer protection and has launched "Shield Up Cancer Protection Plan", a unique-in-market2 portable cancer coverage with no medical examination required, for employee members of AIA group insurance schemes and AIA MPF, ORSO, Macau pension schemes1. The Plan is easy to apply for, requiring only simple health declaration for eligible employee members3. It also includes valuable features such as guaranteed renewal until the age of 80 of the insured, different sum assured options, and continued coverage even if the insured leaves their company or retires, a testament to AIA Hong Kong's customer-centric philosophy ensuring protection for the health of employee members.
Ms Amelie Shen, Chief Corporate Solutions Officer of AIA Hong Kong and Macau, said: "Cancer is the leading cause of death in Hong Kong and is on the rise in younger adults, with the number of new cancer patients aged 20 to 44 increasing by 17% between 2011 and 20214. In addition, our internal data shows that most companies currently do not provide critical illness protection for their employees. When employees are diagnosed with cancer, they face a heavy burden of medical care and family living expenses. Therefore, it's important for employees to enhance their cancer protection as needed.
We fully understand the needs of employees. With the new 'Shield Up Cancer Protection Plan', we target to provide cancer protection for employee members of group insurance and pension schemes. The Plan features unique-in-market2, portable cancer coverage with no medical examination required and a simple application process, enabling insured employee members to be protected until the age of 80 regardless whether they are working, have resigned or retired so as to give them peace of mind to cope with the risks associated with cancer. Coupling 'Shield Up Cancer Protection Plan' with our 'StepUp Medical Protection Plan 25#', employee members can further enhance their medical safety net as they live 'Healthier, Longer, Better Lives'."
Key Features of AIA "Shield Up Cancer Protection Plan":
- Unique-in-market2 portable cancer protection even if the insured leaves their company or retires: "Shield Up Cancer Protection Plan" is exclusively offered to employee members of AIA group insurance schemes and AIA MPF, ORSO, Macau pension schemes1. This plan will continue to provide the insured with essential coverage against cancer6 until the age of 80 even if the insured leaves their company or retires.
- Simple application with no medical examination required: Only simple health declaration is required. No medical examination or submission of any proof of health is required.
- Guaranteed renewal until the age of 80 with a fixed premium for every 5-year coverage period: Regardless of the insured's health condition, they can renew their policy until age 80, and the premium will be fixed for every such 5-year coverage period7.
- Different sum assured options: There are three sum assured options of HKD/MOP* 100,000, HKD/MOP* 200,000 and HKD/MOP* 300,000 to meet different needs.
- Up to 100% of sum assured as cancer benefit: If the insured is diagnosed with cancer, a lump sum benefit will be payable, up to 100% of sum assured as immediate financial support8.
- Compassionate death benefit: In the unfortunate event that the insured passes away and no cancer benefit has been paid under the policy, a compassionate death benefit of HKD/MOP*10,000 will be paid, which will provide additional support to the insured's loved ones.
Special Application Period
AIA Hong Kong has designated a special application period for the "Shield Up Cancer Protection Plan". Eligible current employee members can submit applications to the financial planners of their AIA group insurance or pension schemes through their employer on or before 31 December 20249.
