What is the maximum coverage offered by CareForAll?

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Maximum Coverage for CareForAll Critical Illness Plan Reaches HKD2 Million

The CareForAll Critical Illness Plan provides a maximum coverage of up to HKD2 million. This new offering from AXA Hong Kong and Macau is designed to extend critical illness insurance access to individuals who have historically faced barriers, including those with chronic diseases, the elderly, and survivors of critical illnesses. The plan features simplified underwriting, allowing applicants to answer as few as three health-related questions without requiring medical examinations or reports.
Extensive Coverage for Underserved Segments

AXA's CareForAll plan aims to serve a broader demographic, including individuals managing conditions like diabetes and the "3-Highs" (high blood sugar, high blood pressure, or high cholesterol), the growing elderly population, and those who have previously experienced cancer, heart attack, or stroke. The introduction of this plan addresses a significant gap in the market, as traditional insurance plans often deny coverage or impose high premiums on these groups due to stringent underwriting requirements.
Simplified Underwriting Process

A key differentiator of the CareForAll plan is its significantly relaxed underwriting process. Unlike conventional policies, applicants are only required to answer a minimal number of straightforward questions primarily focused on their health status over the preceding two years. This approach eliminates the need for medical examinations and the submission of medical reports, making the application process more accessible and less burdensome for potential policyholders.
Addressing Market Gaps Identified by Survey

Research commissioned by AXA revealed that a substantial number of individuals, particularly those aged 30 and above, encounter difficulties in obtaining critical illness insurance. Specifically, 67% of respondents found pre-existing conditions to be a major hurdle, while 71% cited high premiums as a financial strain. The survey further indicated that younger individuals (30-49) were denied coverage at a higher rate (over 30%) due to underwriting or risk assessment failures, highlighting the need for more inclusive insurance solutions.

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What is the maximum coverage offered by CareForAll?

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