\n<\/p>\n
Market-exclusive Dementia Multi-care Benefits<\/b><\/span><\/p>\n
Continuous Cancer Payout Benefit up to 100 months<\/b><\/span><\/p>\n
Up-to-date comprehensive protection<\/b><\/span><\/p>\n HONG KONG SAR – Media OutReach<\/a> – 12 July 2021 – AXA
\u00a0<\/p>\n The Series includes market-exclusive1<\/sup>\u00a0Dementia Multi-care Benefits that
\u00a0<\/p>\n From now until 30
\u00a0<\/p>\n Costly
According to the data
\u00a0<\/b><\/p>\n “Living
Meanwhile,
\u00a0<\/p>\n Kevin Chor, Chief Life and Health Insurance Officer, AXA Hong
\u00a0<\/p>\n ‘LoveAssure
\u00a0<\/p>\n “LoveAssure Critical
There are more benefits offered by the “LoveAssure
\u00a0<\/p>\n The above information is for reference only. For
1<\/sup>\u00a0This is based on a comparison among critical illness insurance plans
2<\/sup>\u00a0Source: The Chinese University of Hong Kong (December 2017).\u00a0 Study on Multi-gene Mutation-Drug Matching
3<\/sup>\u00a0Source: Alzheimer’s Disease International (2016). Cost of
4<\/sup>\u00a0In partnership with AXA, Golden Age Foundation successfully interviewed
Market-exclusive Dementia Multi-care Benefits
Continuous Cancer Payout Benefit up to 100 months
Up-to-date comprehensive protection HONG KONG SAR – Media OutReach – 12 July 2021 – AXA
Hong Kong and Macau (“AXA”) today announced the launch of “LoveAssure Plus
Critical Illness Plan” and “LoveAssure Critical Illness Plan” (collectively
referred as “LoveAssure …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16218"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=16218"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16218\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=16218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=16218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=16218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
<\/p>\n
\n
<\/p>\n
\nHong Kong and Macau<\/a> (“AXA”) today announced the launch of “LoveAssure Plus
\nCritical Illness Plan” and “LoveAssure Critical Illness Plan” (collectively
\nreferred as “LoveAssure Critical Illness Protection” Series or the Series), a
\nunique comprehensive critical illness protection covering illnesses, ranging
\nfrom the most common ones to the emerging ones to which the market has yet to
\nprovide sufficient support. <\/p>\n
\nprovides continuous annuity until the age of 100 to support the cost of long-term
\ncare
\nfor the insured who is
\ndiagnosed with severe dementias. Moreover, despite the improved cancer survival
\nrate due to advancements in medical technology, cancer recurrence rate is still
\nhigh, for example, colorectal and ovarian cancer recurrence rate can reach as
\nhigh as 50% and 80% respectively2<\/sup>. “LoveAssure Critical Illness
\nProtection” Series thus offers up to 100 months of Continuous Cancer Payout Benefit,
\nproviding the insured long-term financial support to fight against cancer. <\/p>\n
\nSeptember 2021, customers can enjoy 2 months’ premium refund if they
\nsuccessfully apply for the “LoveAssure Critical Illness Protection” Series.<\/p>\n
\nlong-term dementia care up to HKD190,000 per year<\/b><\/p>\n
\nfrom the Food and Health Bureau and the Hong Kong Hospital Authority, it is
\nestimated that for people aged 65 or above, there is a worrying 5-8% chance of
\ngetting dementia and the prevalence of dementia doubles with every 5-year
\nincrement after age 65. Due to the irreversible nature of dementia and the
\nheavy dependence on support services, the cost of care and the burden on
\ncaregivers will keep growing with an ageing population and increase of dementia
\ncases. A research report3<\/sup>\u00a0shows that the non-medical expenses
\nto take care of a patient with severe dementia in Hong Kong would be
\napproximately HKD190,000 per year, which could not be reimbursed under medical
\ninsurance in the market. Thus, we have especially added the market-exclusive Dementia
\nMulti-care Benefits to the “LoveAssure
\nCritical Illness Protection” Series to help customers fill this protection gap.<\/p>\n
\nwith Cancer” is becoming prevalent which requires long-term financial support <\/b><\/p>\n
\nthough cancer is the most common critical illness in Hong Kong, it is no longer
\na terminal illness and being proactive with treatment can increase the survival
\nrate. According to our claims data, even someone who is diagnosed with Stage IV
\nof lung cancer can receive continuous cancer treatments for almost 8 years to control cancer cells. As “Living with
\nCancer”
\n<\/b>is becoming
\nprevalent, the Series’ Continuous Cancer Payout Benefit of up to 100 months will
\nprovide great support to cancer patients on their road to recovery.<\/p>\n
\nKong and Macau<\/b>, said, <\/b>“A comprehensive critical
\nillness protection can provide customers with immediate financial support if
\nthey unfortunately encounter serious illnesses. According to a recent survey4<\/sup>\u00a0conducted by the Golden Age
\nFoundation in partnership with AXA, approximately 75% of Hong Kong’s golden age
\npeople (aged 45 and older) are neutral or dissatisfied with their current
\nsavings, future finance, ability to cope with financial crises, and their own
\nfinancial management ability. Approximately 40% reported that their savings may
\nnot meet their financial needs in healthcare and long-term care. The shortfall
\nhighlights the importance of getting critical illness protection with continuous
\nsupport as it helps relieve the heavy financial burden brought by critical
\nillnesses especially during the golden age.
\n<\/p>\n
\nCritical Illness Protection’ Series provides holistic protection to our
\ncustomers physically, mentally and financially. It underscores AXA’s continuous
\ncommitment to being a true lifelong partner to our customers. With the Series’ extensive
\nand innovative features and benefits, we hope to provide comprehensive support
\nto our customers and serve as their useful companion in times of need.” <\/p>\n
\nIllness Protection” Series all-rounded protection includes:<\/p>\n\n
\nDementia Multi-care Benefits<\/b> \u2013 If the insured is diagnosed with severe dementias, a lump
\nsum payout up to 100% of the sum insured and a Dementia Caregiver Annuity
\nBenefit of up to 12% of the sum insured will be payable every year to
\ncontinuously\u00a0 support the costs of
\nlong-term care until the insured reaches age 100.<\/li>\n
\nCancer Payout Benefit <\/b>\u2013 If the insured is diagnosed with cancer, a lump sum
\npayout up to 100% of the sum insured will be payable first. In addition, a
\nmonthly payout of 5% of the sum insured will be provided if the insured is
\nstill suffering from cancer after a 1-year waiting period and undergoing cancer
\ntreatment. This will provide long-term financial support as income replacement
\nand help ease the burden brought by daily living expenses for up to 100 months. Under LoveAssure
\nPlus, the insured who is diagnosed with late stage cancer
\ncan receive payouts
\nimmediately with no waiting period.<\/li>\n
\nto 1300% of the sum insured <\/b>\u2013 The Series provides Multiple Claims Major Illness
\nBenefit against most of the covered major illnesses before the insured reaches age
\n85, with 100% of the sum insured each time.<\/li>\n
\nCare Unit Coverage \u2013 <\/b>To provide a safety net for our customers, <\/b>regardless whether it is caused by an accident
\nor an unexpected infectious disease, <\/b>up
\nto 20% of the sum insured will be payable if the insured is admitted to the ICU
\nfor 72 consecutive hours or more; up to 100% of the sum insured will be payable
\nif the insured stays in the ICU for 120 consecutive hours and undergoes a complex
\nsurgery.
\nvalue-added services<\/b> \u2013 The Series provides a wide range of value-added
\nservices that cover prevention, treatment and rehabilitation will be provided.
\nThese include dementia early detection screening and a caregiver training
\nprogramme for dementia care.<\/li>\n
\ncustomers take up “LoveAssure Critical Illness Protection” Series together with
\ndesignated supplements , an
\nextra 50% sum insured will be provided when the Major
\nIllness Benefit or Death Benefit becomes payable within the first 2 0 policy years . With Extra Coverage Benefit, the Series offers a
\ntotal coverage of up to 200% of original sum insured for the first 10 policy years.<\/li>\n<\/ul>\n
\nCritical Illness Protection” Series such as Juvenile Caregiver Benefit. <\/i>For details, please visit: www.axa.com.hk\/en\/loveassure-plus-critical-illness-insurance<\/a> and https:\/\/www.axa.com.hk\/en\/loveassure-critical-illness-insurance<\/a>.<\/p>\n
\ndetails on premium refund and product features, content, terms and exclusions,
\nplease refer to the relevant product brochures and promotional leaflets. <\/p>\n
<\/p>\n
\n
\navailable for new business provided by the insurers which are included in the
\nComposite and Long Term business in the Register of Authorized Insurers
\npublished by the Insurance Authority as of May 2021.<\/p>\n<\/div>\n
\nfor Recurrent Ovarian Cancer Patients [Press release] Retrieved from
\nhttps:\/\/www.cpr.cuhk.edu.hk <\/p>\n<\/div>\n
\nCommunity Care for Dementia and Cognitive Impairment in Hong Kong Chinese:
\nSocial and Informal Care Time Analysis. Retrieved from https:\/\/hub.hku.hk\/handle\/10722\/239101<\/p>\n<\/div>\n
\na total of 1,109 golden aged people (aged 45 and older) online to understand
\ntheir views on six dimensions of smart ageing: demographic background,
\nfinancial knowledge and management, health and healthcare, productive and civic
\nengagement, technology use and application, and social participation and care.<\/p>\n<\/div>\n<\/div><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"