Early critical illness insurance competition has just geared up. After AIA Complete Critical Cover, NTUC VivoCare and AXA’s Early-Payout LivingEnhancer, HSBC is the latest entrant for early critical illness coverage.
Key features of Early Critical Care are
- Coverage of 28 Early, 27 Intermediate and 30 Critical Stage Medical Conditions – making early treatments possible
- Additional coverage on 4 Special Critical Illnesses – not commonly offered in the market such as dengue haemorrhagic fever
- Total of 90 covered illness (including Angioplasty and Other Invasive Treatment for Coronary Artery) – the most* in the market (* Comparing with 4 key insurers that offered products with similar features as at Nov 2011)
- Peace of mind with lump sum payouts equivalent to 100% at all stages (subject to the respective limits) – the highest* in the market
- 14 days survival period – one of the lowest requirement in the market
- Future premiums will be waived till end of term upon an Early or Intermediate stage claim – easing of financial burden
- Choice of term available – to Age 65 or to Age 85
Just a side track, after the announcement of HSBC selling general insurance business to AXA and QBE, many people think that their life insurance policies are affected. Do note the sale is for general insurance only.
In celebration, HSBC has put together a lucky draw campaign for all new and existing HSBC customers. This lucky draw campaign includes 8 weekly draws, “Around the World in 8 Weeks“ started from 21 October 2009 and a Grand Lucky Draw to win an Audi A4 1.8T car.