【Premiums as low as $4¹ per day】 Customise your coverage to suit your needs. Even critical illness protection can be tailor-made!

Health changes often occur unexpectedly. Nowadays, critical illnesses are becoming increasingly common (see Table 1). To protect against the onset of critical illnesses, it is essential to ensure adequate coverage, providing peace of mind for yourself and your loved ones. Critical illness insurance products on the market typically offer a "package-style" coverage for a range of illnesses, which is a convenient option. However, the protection needs vary at different life stages, and such plans may not always provide the most suitable coverage. If you wish to make the most of every penny and personally select the coverage you need, the recently launched "à la carte" critical illness insurance might be a better fit for you.

AIA introduces a "modular" critical illness protection plan —— 「自在自選」危疾保, the first of its kind in the market¹² to allow customisation of different protection categories, breaking away from traditional insurance limitations. Consumers can tailor their critical illness coverage according to their budget and personal needs.

In addition to the mandatory "Life" and "Cancer" coverage, consumers can customise multiple protection categories¹³ (see Table 2), including "Multiple Cancers", "Heart-related", "Nervous System-related", and "Other Illnesses" optional coverage. By selecting "Heart-related", "Nervous System-related", and "Other Illnesses" optional coverage, policyholders will automatically be entitled to the "Terminal Illness and Loss of Independent Existence" special benefit.

Policyholders can set coverage amounts according to their personal needs¹³, with individual protection categories offering coverage up to 3 times the original "Life" coverage amount. When combining all coverage amounts, the total can reach up to 25 times the original "Life" coverage amount!

For AIA's 「自在自選」危疾保, the compensation for the "Cancer Coverage Category" and each optional coverage category is calculated independently. Therefore, even if full compensation has been paid under the "Cancer Coverage Category", the current coverage amount for the "Heart-related Coverage Category" will remain unaffected¹⁴. The product includes a savings component, with the option to discontinue after as little as 10 years, providing coverage up to the age of 100¹⁵. Premiums start from as low as HKD 4 per day¹, offering comprehensive protection at an affordable price.

From starting out in life to settling down and starting a family, our needs change at every stage as we age. Unlike traditional "package-style" critical illness insurance, AIA's 「自在自選」危疾保 offers flexible design, allowing policyholders to easily tailor coverage to their individual needs, much like ticking items on a dim sum menu:

Young Adults: Young people often have limited budgets. If concerned about the unfortunate event of cancer, they can opt for life, cancer, and multiple cancer coverage categories, and customise the coverage amount according to their premium affordability¹³.

Career-Driven Stage: Many individuals purchase critical illness coverage with a lower sum insured when they are young. However, as they age and start a family, new considerations arise. If they already have critical illness coverage, they can use AIA's 「自在自選」危疾保 to specifically enhance coverage for certain critical illnesses¹³, strengthening their safety net of critical illness protection.

Pre-existing Conditions: As we age, if we have previously suffered from a critical illness, passing the underwriting process for traditional critical illness insurance can be challenging. AIA's 「自在自選」危疾保 applies different underwriting standards based on the combination of coverage categories selected¹⁷. Even with a medical history, there is still a chance to successfully obtain coverage¹⁸.

Family Medical History: AIA's 「自在自選」危疾保 also offers flexibility in underwriting criteria, assessing based on the combination of coverage categories chosen¹³ with varying underwriting standards. If the policyholder does not select coverage related to their family medical history, such history will not result in exclusions for the insured¹⁶.

Protecting your health cannot wait. AIA's 「自在自選」危疾保 allows you to customise your coverage, choosing the critical illness protection that suits your needs. If you successfully apply during the promotion period, you can enjoy a premium rebate of up to 5 months¹⁹. Find out more here!

Notes:    
1. Based on a 25-year-old non-smoking female insured who opts for annual premium payment (30-year premium payment term, life protection category with an original sum assured of USD 10,000, and cancer protection category with an original sum assured of USD 10,000).    
2. Hong Kong Cancer Statistics Centre, "Overview of Hong Kong Cancer Statistics of 2020", October 2022.    
3. Hong Kong Cancer Statistics Centre, comparison of incidence rates (per 100,000 people) between 2000 and 2018.    
4. "AIA Medical and Critical Illness Claims Report 2021", November 2022.    
5. Hong Kong Cancer Statistics Centre, "Statistics of All Cancers in 2020", October 2022.  
6. Centre for Health Protection, Department of Health, Hong Kong: Number of deaths by leading causes in 2021.  
7. ScienceDaily: Heart attacks increasingly common in young adults, March 2019.  
8. Centre for Health Protection, Department of Health, Hong Kong, "Non-communicable Diseases Watch – Overview of Cardiovascular Diseases", September 2018.  
9. Li Ka Shing Faculty of Medicine, The University of Hong Kong: HKU study shows over 30% increase in stroke incidence among young people in Hong Kong, October 2022.  
10. Nethersole School of Nursing, The Chinese University of Hong Kong: Stroke becoming more common among younger individuals – proactive prevention and home care, August 2021.  
11. Hong Kong Adventist Hospital: Cognitive Impairment (data collected in March 2023).  
12. As of 22 March 2023, compared with critical illness insurance products from major insurance companies in Hong Kong.  
13. The combination of protection categories and sum assured must comply with product requirements. Life and cancer protection are mandatory categories.  
14. Claims are subject to applicable waiting period requirements. For details, please refer to the policy terms and conditions.  
15. Critical illness and life protection (including savings components) are covered up to the insured’s age of 100. For specific coverage periods of individual protections, please refer to the policy terms and conditions.  
16. The final underwriting result is subject to the underwriting criteria at the time and the actual health condition of the insured.  
17. The underwriting criteria for 「自在自選」危疾保 vary depending on the combination of protection categories chosen by the customer. AIA reserves the final decision.  
18. The final underwriting result is based on the underwriting criteria at the time and the actual health condition of the insured. The combination of protection categories must comply with product requirements.  
19. The offer is subject to terms and conditions. 

AIA 「自在自選」危疾保 can only be purchased as a basic plan. The product information in this document does not include the complete terms of the policy. For details on product features, terms and conditions, exclusions, and key product risks, please refer to the relevant product brochure and policy contract. If you wish to review a sample of the insurance contract before applying, you may request one from AIA. Life insurance policies are long-term insurance contracts. If the policy is surrendered in the early years, the amount received by the customer may be significantly less than the premiums paid. Before purchasing an insurance product, customers must complete a financial needs analysis.

"AIA", "友邦", or "友邦香港" refers to the Hong Kong and/or Macau branches of AIA International Limited (a company incorporated in Bermuda). "Hong Kong" and "Macau" refer to the "Hong Kong Special Administrative Region" and "Macau Special Administrative Region" respectively.

Disclaimer    
1. The information in this article is provided by AIA for general reference only and does not take into account any individual needs, suitability, or affordability. It should not be regarded as sales advice. Before purchasing insurance, you should consult a licensed insurance advisor to discuss a suitable insurance plan and refer to the information provided by the insurance company.    
2. The above premium information is updated as of 14 August 2023 and does not include the premium levy collected by the Insurance Authority. 
3. Last updated on: 31 August 2023.

The following example is hypothetical and for illustrative purposes only.*

Jason, a 43-year-old senior manager, intends to purchase critical illness insurance. However, due to a previous history of coronary heart disease, he was declined coverage by an insurance company. Therefore, he opted for AIA's 「自在自選」危疾保, hoping to benefit from the high flexibility of this critical illness policy to cover other critical illnesses unrelated to his medical history, while also securing additional life protection.

In fact, unlike standard critical illness insurance (see Table 3), AIA's 「自在自選」危疾保 applies different underwriting standards¹⁷ based on various combinations of coverage categories. Moreover, even if the policyholder has a history of coronary heart disease, there is still a possibility to obtain life, cancer, and multiple cancer coverage¹⁸ through AIA's 「自在自選」危疾保, thereby building a safety net for themselves.

^{*The selected coverage categories and insured amounts are for reference only. Customers should choose based on their individual circumstances, including needs and affordability. The above example does not constitute a guarantee of insurability or underwriting decisions. The final and actual underwriting results will be determined based on the underwriting criteria at the time and the specific circumstances of each case, including but not limited to the actual health condition of the proposed insured at that time, and are subject to the sole discretion of AIA.}

This English version of this article has been generated by machine translation powered by AI. It is provided solely for reference purposes. In the event of any discrepancy or inconsistency between this translation and the original Chinese version, the Chinese version shall prevail.