I) Brand-New “AIA One Absolute – Full Protection”
“AIA One Absolute – Full Protection” is Hong Kong’s first protection plan that offers “One Single Claims Index to Cover Unlimited Diseases” including unknown diseases and injuries. Claims are calculated in four steps using an innovative 4x3 scoring table based on the severity of the insured’s medical journey with respect to Surgery, Treatment, Intensive Hospital Stay and Disability, as well as its impact on the insured’s daily life. Should the insured’s condition be assessed to be extremely serious, the total claim payment could be up to 160% of the Sum Assured. “AIA One Absolute – Full Protection” features objective assessment factors, where the Surgery factor is derived mostly from the Voluntary Health Insurance Scheme Schedule of Surgical Procedures+, underlining a high degree of clarity and transparency.
The life expectancy of Hong Kong people is increasing. In the event of contracting serious illnesses such as cancer, stroke, heart disease or serious injury, the treatment process can be very long and may even affect one’s daily life in the long run. Moreover, in the face of different and increasingly expensive treatments, the complexity of surgery, medications, time stayed in intensive care unit (ICU) and medical expenses are becoming increasingly uncertain. In order to further enhance protection and base on the severity of the insured’s entire medical journey, “AIA One Absolute – Full Protection” has included the assessment of Disability that may be caused by the disease or injury and impacts on the daily life of the insured, hence making a more comprehensive calculation of the total benefit amount. In addition to existing illnesses and infectious diseases, the plan also covers an unlimited number of diseases. In other words, if a new serious infectious disease like COVID-19 or any new type of disease emerges in the future, it will also be covered as the plan is future-proof, bringing total peace of mind to customers.
Ms. Bonnie Tse, General Manager, Strategy and Wealth Management of AIA Hong Kong & Macau said, “With respect to Healthier Lives, many customers are concerned whether their illnesses are covered, and are worried about the financial pressure due to the high cost of treatment and long-term care. Reflecting on our “customer-centricity”, we launch today the “AIA One Absolute – Full Protection”, a forward-looking plan that defies the existing concept of claims criteria. Its innovative claims calculation method and its bold, ground-breaking cover of unlimited diseases are designed to bring total peace of mind to customers, despite the emergence of any unknown disease in the future. It also offers customers thoroughness, clarity and transparency in managing their budget for the entire medical journey, and addresses their concerns over the impact on their daily lives after treatment. We remain a reliable partner of our customers, helping them live Healthier, Longer, Better Lives.”
Multiple rewards await customers applying for the plan now. During the promotion period, successful application will enjoy 12 months’ premium refund1, a permanent 20% premium discount upon a designated sum assured2, and an instant 10% discount on first-year premium upon joining AIA Vitality3.
Moreover, in order to support customers in facing the unsettling challenges posed by COVID-19 globally, if the insured of “AIA One Absolute – Full Protection” is diagnosed for the first time with COVID-19 in Hong Kong/Macau and stays in ICU in Hong Kong/Macau for 1 day or more, he/she will receive an additional lump-sum payment of HK$/MOP100,000 “Additional Intensive Care Unit Benefit”4.