How does Chubb expand critical illness coverage for those with pre-existing conditions?

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Chubb Expands Critical Illness Coverage for Individuals with Pre-existing Conditions Through Specialized Plans and Simplified Underwriting

Chubb Life Hong Kong has introduced the "Chubb Care Critical Illness Series," a comprehensive suite of health solutions designed to address a significant coverage gap in Hong Kong, particularly for individuals with a history of critical illnesses. This series offers distinct plan options, including a specialized product tailored for individuals who have survived cancer, have cardiovascular disease, or have well-controlled diabetes. These specialized plans feature a simplified underwriting process, allowing for broader access to critical illness protection.
Specialized Plan for Diverse Health Histories

The "Chubb Cancer / Cardio / Diabetes Care Critical Illness Insurance Plan" is a key component of the new series, specifically designed for individuals with prior diagnoses of cancer, cardiovascular issues, or diabetes. This plan adopts a simplified underwriting approach, aiming to reduce the barriers to obtaining insurance for those with pre-existing conditions. It provides coverage for up to 128 illnesses, offering protection up to 300% of the sum assured.
Enhanced Protection and Payout Flexibility

Beyond core coverage, the critical illness series incorporates several features to provide advanced financial support. These include flexible payout options, allowing for a standby cash option of an additional 100% of the sum assured or ongoing protection. Furthermore, the plans offer reimbursement for out-of-pocket expenses related to cancer, heart attack, and stroke, such as self-financed drugs and privately purchased medical items.
Addressing Post-Recovery and Cross-Border Needs

The series also extends benefits for post-recovery and advanced care. This includes additional coverage for appearance restoration and side effects from cancer treatments, as well as increased payouts if a condition progresses to advanced stages of cancer, severe heart attack, or severe stroke. To cater to a broader customer base, Chubb Life Hong Kong has implemented unified premiums for both Hong Kong and Mainland China customers, recognizing health reports from designated hospitals in China.

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How does Chubb expand critical illness coverage for those with pre-existing conditions?

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