Life Insurance

HEALTH
"HealthCare 168" Critical Illness Protector provided by FTLife offers various innovative product advantages and extra protections, which is your preferred critical illness protection.

HealthCare 168 Critical Illness Health Insurance
Period

UP TO AGED 100

Issue age

AGED 15 DAYS – 65 YEARS

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YOUR FINANCIAL CONSULTANT

Full coverage against 168 illnesses1

This plan covers 168 illnesses1, including all congenital Critical Illnesses and Juvenile Illnesses which have not been detected at policy issue. It also covers common Carcinoma In Situ1, 2 and Less Severe Malignancy1, 2 in up to 38 organs. Some common Juvenile Illnesses, Critical Illnesses and operations of lower Severity Level such as Carcinoma In Situ, Less Severe Heart Attack, Minimally Invasive Direct Coronary Artery By-pass, Severe Asthma and Autism are also covered by this plan, providing you and your family with comprehensive protection.

Coverage up to 160% of the Sum Insured on respiratory diseases3,4,5

Serious air pollution directly threaten the health of citizens, while some long-term illnesses such as Lung Cancer or Asthma not only involve expensive medical costs, but may also cause people losing the ability to work. Thus, the plan covers various serious or long-term respiratory diseases. If the insured is diagnosed with a covered respiratory disease, Additional Benefit on Respiratory Disease4 of up to 60% of the Sum Insured will be paid out.

Up to 300% of the Sum Insured coverage for Cancer5,6

Cancer treatment is advancing rapidly but there is always the possibility of recurrence. In order to offer financial assistance to the insured in fighting cancer, up to 200% of the Sum Insured of Additional Cancer Benefit6 will be paid together with the first Living Benefit, hence the total benefits up to 300% of the Sum Insured6 will be provided. Whether it is a new cancer (unrelated to the preceding cancer) or it is a continuation, recurrence or a related cancer of the preceding cancer can be covered under this Additional Cancer Benefit.

Additional Cancer Benefit6 shall be paid subject to below waiting period requirements:

  1. Subsequent to the claim of Living Benefit from a non-cancer Severity Level 3 Critical Illness, the subsequent cancer has to be diagnosed at least 1 year from the date of diagnosis of the related Critical Illness; and
  2. If the subsequent cancer is unrelated to the preceding Cancer, the period between the diagnosis dates of the two Cancer has to be at least 1 year apart; and
  3. If the subsequent Cancer is a continuation, recurrence or a related Cancer of the preceding Cancer, the period between the diagnosis dates of the two Cancer has to be at least 3 years apart

The plan also pays Living Benefit for Carcinoma In Situ in different organs2,7 with maximum 2 times. The insured can receive ample coverage and undergo treatment with peace of mind even facing different conditions.

Up to 200% of the Sum Insured coverage for Stroke / Severe Heart Attack5,8

Stroke and heart disease are common urban diseases, and heart-related disease is one of the three major killer diseases. In order to protect the insured’s health, the plan provides the insured with benefit on Stroke / Severe Heart Attack of up to 200% of the Sum Insured8 (including the first Living Benefit claim of the plan and 100% Sum Insured8 of Additional Benefit on Stroke and Heart Attack). The subsequent Stroke/Severe Heart Attack should meet a minimum of 1-year waiting period.

Additional benefit of maximum 60% of the Sum Insured for up to first 20 years4,5,9

In the unfortunate event of death of the insured and/or the insured is diagnosed with one of the Critical Illnesses or Juvenile Illnesses (other than respiratory diseases) within the first 20 policy years (issue age 20 or below) or within the first 10 policy years (issue age 21 or above), Additional Death Benefit and/or Additional Living Benefit will be paid up to 60% of the Sum Insured, helping to relieve the insured’s medical burden and to enable them to undergo treatment with peace of mind.

The insured also can enjoy the Convertibility Privilege10. Starting from the 19th policy anniversary (Issue age 20 or below) or starting from the 9th policy anniversary (Issue age 21 or above), you may convert the Additional Living Benefit and Additional Death Benefit into a designated whole life or whole life with critical illness protection insurance plan offered by us without provision of further evidence of the insured’s insurability.

Reset maximum 60% of the Sum Insured after claims and may get back up to 100% of the original protection11

This plan offers Protection Reset Benefit11 that allows you to clear your mind of worries about the reduction of your existing health protection by previous claims. After payment of Severity Level 1 or 2 Critical Illness(es) and/or Juvenile Illness(es) claims, protection can be reset up to 60% Sum Insured after 1 year and will get back up to 100% original protection again.

All future premiums will be waived9 with continuing protection

All future premiums payable under this basic plan will be waived9 from the respective diagnosis date once a Living Benefit for Severity Level 2 or 3 Critical Illnesses has been paid or payable. The insured can enjoy free protection up to the termination of the policy.

Protection and wealth accumulation rolled into one

It provides Guaranteed Cash Value which will increase as the policy year passes, together with the Terminal Dividend12, giving you comprehensive protection and at the same time growing your wealth.

“HealthCare 168” Critical Illness Protector is flexible with your financial needs. You will receive Guaranteed Cash Value plus Terminal Dividend12 (less Living Benefit previously paid) upon policy surrender when you are in a financial strait. This plan can achieve early capital protection at the 15th policy anniversary (depends on the premium payment term).

Medical Concierge Service13

The professional team provides information regarding specialist consultation, doctor referral and hospitalization, help you get access to a network hospital (including 12 private hospitals in Hong Kong and 90 top-graded hospitals (include Top Tier 3A hospitals) in Mainland China) upon a network doctor’ s referral.

Flexible premium payment period for your financial needs

The plan offers premium payment period of 5, 10, 15, 20 and 25 years. For policies with 5-year premium payment period, you may choose the premium prepayment option as short as 1-year or 3-year, thereby enjoying a lower cost by paying up the plan earlier with the interest earned on the prepaid premiums14.

Free Worldwide Emergency Assistance Services

When you enroll in “HealthCare 168” Critical Illness Protector, you will enjoy 24-Hour Worldwide Emergency Assistance Services no matter where you are. The maximum claim amount is up to US$1,000,000 (per incident), which include emergency medical evacuation / repatriation and repatriation of mortal remains etc.

Remarks
  1. For details of the scope of Critical Illness coverage, please refer to the “HealthCare 168” Critical Illness Protector: Overview of Covered Critical Illness Benefits
  2. The maximum total amount of Living Benefit payable for each of the Juvenile Illnesses and each of the following Critical Illnesses of (i) Carcinoma In Situ; (ii) Less Severe Malignancy; (iii) Minimally Invasive Direct Coronary Artery By-pass; (iv) Osteoporosis with Fracture; and (v) Pituitary Adenoma under all policies of the insured in the Company is USD50,000.
  3. Coverage up to 160% of the Sum Insured on respiratory diseases, including 100% of the Sum Insured of the Living Benefit of Severity Level 3 Critical Illness and 60% of the Sum Insured of the Additional Benefit on Respiratory Disease within the first 20 policy years (issue age 20 or below) / within the first 10 policy years (issue age 21 or above).
  4. The aggregate total amount of all Additional Living Benefit, Additional Death Benefit and Additional Benefit on Respiratory Disease is up to 60% of the Sum Insured within the first 20 policy years (issue age 20 or below) or within the first 10 policy years (issue age 21 or above). Additional Benefit on Respiratory Disease will be equal to 50% of the Sum Insured after the 20th policy year (issue age 20 or below) / after the 10th policy year (issue age 21 or above) subject to the aggregate total amount of Living Benefit previously paid which has to be less than the Sum Insured before claiming the Additional Benefit on Respiratory Disease, and if the insured is diagnosed with a respiratory disease of Severity Level 3 Critical Illness, the Additional Benefit on Respiratory Disease will be paid out after deduction of Additional Living Benefit (if any) and Additional Benefit on Respiratory Disease (if any) previously paid.
  5. If the insured is diagnosed with a qualifying Critical Illness or Juvenile Illness, we will pay a Living Benefit, Additional Living Benefit, Additional Cancer Benefit, Additional Benefit on Stroke and Heart Attack and Additional Benefit on Respiratory Disease provided that the insured is alive when you apply to us for the benefit claim.
  6. Up to 300% of the Sum Insured coverage for Cancer includes the first Living Benefit on Cancer and subsequent 2 claims of Additional Cancer Benefit. For the subsequent claims, the insured must survive for at least 14 days from the date of diagnosis of Cancer and meet the waiting period requirement listed in the policy provisions. The coverage of the Additional Cancer Benefit will cease on the policy anniversary at which the insured attains age 85. The policy will be terminated when the aggregate total amount of Additional Cancer Benefit and Additional Benefit on Stroke and Heart Attack paid reaches 200% of the Sum Insured.
  7. We will pay benefit once only for each Severity Level 1 and 2 Critical Illnesses (other than Carcinoma In Situ) and Juvenile Illnesses. Total amount of all Living Benefit paid for the Critical Illness (es) of Severity Level 1 and 2 and Juvenile Illness (es) equals to 90% of the Sum Insured, and the residual 10% of Sum Insured will be paid upon the death of the insured or in the event of diagnosis of Severity Level 3 Critical Illnesses. Living Benefit of Severity Level 3 Critical Illness or Death Benefit will be paid after deduction of Living Benefit of Severity Level 1 and 2 Critical Illnesses and Juvenile Illnesses previously paid. Coverage on Severity Level 1 and 2 Critical Illnesses and Juvenile Illnesses will cease upon the diagnosis of a qualifying Severity Level 3 Critical Illness.
  8. Up to 200% Sum Insured coverage for Stroke / Severe Heart Attack includes the first Living Benefit on Stroke / Severe Heart Attack and a subsequent claim of Additional Benefit on Stroke and Heart Attack. For the subsequent claim, the insured must survive for at least 14 days from the date of diagnosis of Stroke / Severe Heart Attack and meet the waiting period requirement listed in the policy provisions. The subsequent claim on Stroke/Severe Heart Attack must be a Separate Stroke/Severe Heart Attack from any of the previous claim (if applicable) such that Additional Benefit on Stroke and Heart Attack will be paid. The coverage of the Additional Benefit on Stroke and Heart Attack will cease on the policy anniversary at which the insured attains age 85. The policy will be terminated when the aggregate total amount of Additional Cancer Benefit and Additional Benefit on Stroke and Heart Attack paid reaches 200% of the Sum Insured.
  9. Irrespective of any Living Benefit/Additional Living Benefit paid for any Critical Illness(es) of Severity Level 1 or Juvenile Illness(es), the full premiums under this basic plan continue to be payable.
  10. The Convertibility Privilege is only applicable to Issue Age of 55 or below. Upon conversion, the Additional Living Benefit and Additional Death Benefit shall be ceased immediately. The sum insured of the new converted plan will equal to 60% of Sum Insured less the total amount of Additional Living Benefit paid (if any) and Additional Benefit on Respiratory Disease paid (if any). The Convertibility Privilege will be expired upon the 20th Policy Anniversary (Issue age 20 or below) or the 10th Policy Anniversary (Issue age 21 or above).
  11. The Protection Reset Benefit is payable together with the Death Benefit or Living Benefit of Severity Level 3 Critical Illness if the date of diagnosis of the Severity Level 3 Critical Illness or the date of death of the insured is before the policy anniversary immediately following the insured’s age 75. Protection Reset Benefit is equal to the total amount of Living Benefit paid for Severity Level 1 and 2 Critical Illness(es) and/or Juvenile Illness(es) (up to 60% Sum Insured) of which the date of diagnosis of such illness(es) is at least 1 year before the date of diagnosis of the Severity Level 3 Critical Illness or the date of death of the insured.
  12. Terminal Dividend is not guaranteed and will be payable after this policy has been in force for a specified number of policy years. FTLife will consider the total amount of Living Benefits paid (if any) and the amount that exceeds the Guaranteed Cash Value of the policy before determining the amount of the Terminal Dividend. Newly announced Terminal Dividend are influenced by a number of factors, including but not limited to investment returns and market fluctuations, and the amount may be higher or lower than the amount previously announced. Terminal Dividend will be paid upon the earliest of the followings: (i) death; (ii) payment of the Living Benefit of Severity Level 3 Critical Illness; (iii) policy surrender; and (iv) maturity when the insured attains age 100.
  13. Medical Concierge Service and Worldwide Emergency Assistance Services are provided by Actuarial Insourcing Services Limited (AIS) and International SOS (HK) Limited respectively. FTLife Insurance Company Limited reserves the right to change the terms and conditions of Medical Concierge Service and Worldwide Emergency Assistance Services and assumes no responsibility of the services provided by the third party service provider. For details of Medical Concierge Service, please refer to the service flyers.
  14. The premium prepayment option is only applicable to policies with 5-year premium payment period and annual premium payment mode. Prepaid premium will be credited to your premium deposit account and accumulate at the prevailing interest rate offered at that time (the current interest rate offered is 2% per annum, but is not guaranteed). If the amount in the premium deposit account is not sufficient to pay the premium, the policy owner is required to make up the difference.

The above product summary is for reference only. Please refer to the policy provision for the terms and conditions.

If you are interested in this product, please contact your insurance consultant.

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DOWNLOADS

“HealthCare 168” Critical Illness Protector Brochure

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Product Promotion Flyer

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“Medical Concierge Service” Flyer

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