AIA Hong Kong has launched “AIA One Absolute – Cancer & Serious Infectious Disease Protection” (AOACS), a first in Hong Kong cancer protection that determines claims based on the severity of a patient’s medical journey for cancer and carcinoma-in-situ. Claims are calculated in four steps using an innovative “9-Grid” Severity Index Scoring Table based on the severity of medical procedures. If the insured’s condition assessment is classified as most serious, the total benefits payable can be as high as 160% of the sum assured. The plan introduces objective assessment factors, of which the Surgery Factor is derived mainly from the Voluntary Health Insurance Scheme (VHIS) Schedule of Surgical Procedures, offering a high degree of transparency and clarity.
About 40 new infectious diseases have been discovered globally since 1970. To help customers cope with unexpected infectious diseases, AOACS specifically covers any serious infectious disease which is a Public Health Emergency of International Concern (PHEIC) according to the World Health Organization (WHO)1 – including existing infectious diseases and those unknown serious infectious diseases that may emerge in the future – and offers 20% of the sum assured as benefit2,6. In other words, should new serious infectious diseases akin to COVID-19 emerge in the future, they will be covered by the plan, giving customers greater peace of mind.
Ms. Bonnie Tse, General Manager, Strategy and Wealth Management of AIA Hong Kong & Macau, said, “Facing factors such as the emergence of unknown infectious diseases, over 100 types of cancers, and increasingly varied and expensive specialist cancer treatments, we at AIA Hong Kong continue to uphold our ‘customer-centric’ philosophy and launch first in Hong Kong severity-based cancer protection that not only provides cover for existing and unknown serious infectious diseases, but also opens up new frontiers of cancer protection. Through independent and objective assessment factors and a readily comprehensible calculation method, the plan helps customers to have a better understanding of their benefit amount, which answers their expectation for more transparency in their protection and claims.”
“The plan’s affordable premium is particularly fitting for young customers who want to start planning for their protection early. We remain committed to introducing innovative products that respond to our customers’ ever-evolving needs and helping them live ‘Healthier, Longer, Better Lives’,” she added.
For a monthly premium of HK$160, customers can receive up to HK$1.6 million protection for cancer and serious infectious diseases3. Apply for AOACS now and enjoy triple rewards of receiving a life-long 20% discount on premiums4 upon a designated sum assured and an instant 10% discount on first year premium upon joining AIA Vitality, and up to five months’ premium refund5.