Savings Insurance
Grow and protect your wealth
Accident & Other Protections
Period
Issue age
You can buy this from
Your future is bright, filled with so much promise for better days. As your trusted partner, we know there are some things you never plan for. You can, however, be better prepared. Grand VIP provides up to US$1,500,000 sum assured and offers a wide range of advantages. Should you have an accident while overseas, you’ll receive double benefits. If you’re injured during a robbery, your sum assured will be doubled to reimburse your medical expenses. So wherever you find yourself, you will have the confidence to pursue the life you’ve always imagined.
When an accident happens, you do not want to be worrying about mounting bills, household expenses and mortgage payments. If the person protected under the policy, sustains any of the injuries listed in the Benefits Schedule for the Accidental Death & Dismemberment Benefit in product brochure occurs within 180 days after an accident, Grand VIP will pay a lump sum Accidental Death & Dismemberment Benefit according to the Benefits Schedule in product brochure to help manage expenses.
If an accident leaves the person protected under the policy, totally and permanently disabled within 180 days from the date of an accident, and the person protected under the policy remains totally and permanently disabled for 6 consecutive months, Grand VIP will pay a Permanent Total Disability Benefit, giving much-needed financial support.
When such diagnosed disability has continued for 6 months consecutively, the person proctected under the policy will receive a monthly payment equal to 2% of the sum assured beginning from the 7th month, up to 50 months.
Permanent Total Disability Benefit will no longer be provided upon Accidental Death & Dismemberment Benefit has been paid for any disability, vice versa.
As long as the amount claimed for Accidental Death & Dismemberment Benefit and / or Permanent Disability Benefit has not reached 100% of the sum assured, the policy is still in-force. After reimbursement of the Accident Death & Dismemberment Benefit and / or Permanent Total Disability Benefit, the current sum assured and the premium will be reduced accordingly.
When the payment of the aggregate sum assured of Accidental Death & Dismemberment Benefit and / or Permanent Total Disability Benefit payment has reached 100%, the policy will terminate.
Please refer to the “Product Limitations” about the adjustment of sum assured and premium.
In the unfortunate event of death, dismemberment or permanent total disability due to an accident related to any of the following, we will double the compensation where the person protected under the policy was:
Such additional compensation from the Double Indemnity Benefit will not reduce the current sum assured and the premium.
If you are seriously injured or pass away as a result of accident while travelling outside the territorial limits of Hong Kong SAR or Macau SAR, we will pay the person protected under the policy an additional amount equal to the amount payable for the Accidental Death & Dismemberment Benefit or Permanent Total Disability Benefit.
The Overseas Double Indemnity Benefit will no longer be provided upon Double Indemnity Benefit has been paid, vice versa.
If the person protected under the policy is injured in an accident, we will reimburse the reasonable and customary medical expenses incurred within 52 weeks after the accident, up to the maximum limit per accident for the person protected under the policy. A range of medically necessary medicines, treatments and services are covered, including but not limited to bone-setting, acupuncture, physiotherapy and chiropractic.
In the unfortunate event that the person protected under the policy suffers the injury resulted from robbery, Grand VIP will provide the person protected under the policy a double current sum assured under Accidental Medical Expenses Reimbursement Benefit as Double Accidental Medical Expenses Reimbursement Benefit.
Regardless of the number of accidents and covered losses, provided that the benefit paid under the Accidental Death & Dismemberment Benefit and / or Permanent Total Disability Benefit has not reached 100% of the sum assured, the benefit can still be claimed. When the Accidental Death & Dismemberment Benefit and / or Permanent Total Disability Benefit (if applicable) has been paid, the sum assured and premium (including Accidental Medical Expenses Reimbursement Benefit) will be reduced respectively.
If the worst should happen and the person protected under the policy passes away, Grand VIP will pay the beneficiary Compassionate Death Benefit in lump sum. The payable sum of Compassionate Death Benefit is capped at US$1,300 per life for all such policies held with us.
If the person protected under the policy is a permanent resident of Hong Kong, Macau or the People’s Republic of China, we offer emergency assistance services to the person protected under the policy anywhere in the world, including:
Premium
This is the fee you pay us for your policy.
Like what you've read? This is just a summary of our product. If you want more information, please contact your financial planner for a financial needs analysis.
Except for the Compassionate Death Benefit, we will not cover conditions that result from any of the following events:
Accidental Medical Expenses Reimbursement Benefit (including Double Accidental Medical Expenses Reimbursement Benefit), in addition to the above key exclusions, will not cover the following:
The above list is for reference only. Please refer to the policy contract of this plan for the complete list and details of exclusions.
These benefits are only applicable for the loss resulted from a covered injury within 180 days after an accident. The loss must be listed in the Benefit Schedule for the Accidental Death & Dismemberment Benefit or defined as a Permanent Total Disability.
In the event that a series of losses shall arise out of the same Accident, benefit shall only be paid for one of the losses, for which the amount of benefit payable shall be the greatest amount of benefit as shown in the Benefit Schedule for the Accidental Death & Dismemberment Benefit.
This benefit is only applicable for the reasonable and customary charges for actual medical expenses incurred within 52 weeks from the date of an accident.
In the case of bone-setting or acupuncture treatment, whether a covered injury involves fracture of bone(s), the aggregate amount of the benefit to be paid is subject to US$100 per visit per day and 5 visits per policy year.
We only cover the charges and / or expenses of the insured on medically necessary and reasonable and customary basis.
“Medically necessary” means that the medical services, diagnosis and / or treatments are:
Experimental, screening, and preventive services or supplies are not considered medically necessary. “Reasonable and customary” means:
We may adjust any and all benefits payable in relation to any hospital / medical charges which is not a reasonable and customary charge.
In order to provide you with continuous protection, we will review the premium of your plan from time to time and adjust it at the end of policy year if necessary. During the review, we may consider factors including but not limited to the following:
The benefits under this plan will be paid to you, or in the unfortunate event of the insured’s death, to your beneficiary.
This website is for reference only. Please refer to the policy contract for the definitions of capitalised terms, and the exact and complete terms and conditions of cover. We would like to remind you to review the relevant product materials provided to you and seek independent professional advice if necessary.