FTLife's HealthCare 168 Critical Illness Protector provides coverage against 168 illnesses with multiple protection for cancer, stroke and heart attack and requires only short waiting periods

HONG KONG, Sept. 6, 2017 /PRNewswire/ -- FTLife Insurance Company Limited ("FTLife") has launched the HealthCare 168 Critical Illness Protector (HealthCare 168) to provide a medical safety net for customers. The move is in response to increased risk of illness brought on by fast-paced lifestyles and pollution and relieves the insured's financial burden on medical expenses.

FTLife's HealthCare 168 Critical Illness Protector covers 168 illnesses with three first-in-market innovations, providing coverage up to 160% of the sum insured on respiratory diseases

Lennard Yong, Regional CEO and CEO, said: "FTLife always goes the extra mile to serve customers to best effect. This is why we are so committed to developing superior products and continue to roll out many first-in-market protection benefits. I believe FTLife offers the most suitable, advanced and comprehensive protection, allowing our customers to lead healthy and rewarding lives without worry."  

HealthCare 168 offers THREE first-in-market¹ advantages:

• Full coverage against 168 illnesses, making this the most comprehensive protection in town. The plan covers the congenital critical illnesses and juvenile illnesses which have not been detected at policy issue. It also covers common carcinoma in situ and less severe malignancy in up to 38 organs.
• Coverage up to 160% of the sum insured on respiratory diseases.
• All future premiums will be waived after diagnosis and claims made in respect of severity level 2 or 3 critical illnesses.

Chief Product Officer Christine Yeung said: "FTLife understands customer needs. HealthCare 168 offers protection against critical illnesses of a lower severity level. The coverage of cancer is up to 300% of the sum insured and requires only one-year waiting period for new cancer. Sturdy support provided by HealthCare 168 enables the insured to undergo treatment with total peace of mind."

High additional protection and a shorter waiting period help alleviate the medical expense burden

1. Up to 300% of the sum insured coverage for cancer
   Cancer treatment is advancing rapidly, but the possibility of recurrence remains. In order to offer financial assistance to the insured while fighting cancer, up to 200% of the sum insured will be paid as additional cancer benefit together with the first living benefit. This brings total benefit up to 300% of the sum insured. Whether it is a new cancer - unrelated to the preceding cancer - or a continuation, recurrence can be covered by the additional cancer benefit. A waiting period as short as one year is required for new cancers, constituting a market-leading protection item.
2. Up to 200% of the sum insured paid for stroke or severe heart attack
   Strokes and heart disease are common urban diseases, with the latter being one of the three major killer ailments. In order to protect the insured's health, the plan offers stroke or severe heart attack benefit of up to 200% of the sum insured (includes the first living benefit claim and 100% sum insured of additional benefit on stroke and heart attack). The subsequent stroke or severe heart attack has to meet a minimum of one-year waiting period.
3. Reset maximum 60% of the sum insured after claims and may get back up to 100% of the original protection
   This plan offers a protection reset benefit that dispels any worry about the reduction of protection due to previous claims. After payment of lower severity level critical illness claims, protection can be reset up to 60% of the sum insured after one year, and will get back up to 100% original protection again.
4. Additional benefit of a maximum of 60% of the sum insured for the first 20 years
   In the event of death of the insured or diagnosis of one of the critical illnesses or juvenile illnesses (other than respiratory diseases), within the first 20 policy years (issue age 20 or under), or within the first 10 policy years (issue age 21 or above), additional death benefit and/or additional living benefit will be paid up to 60% of the sum insured, helping to relieve the insured's medical burden and enable him/her to undergo treatment with peace of mind.

Enjoy protection while accumulating wealth

HealthCare 168 provides a guaranteed cash value that will increase as the policy year passes, together with a terminal dividend², giving customers comprehensive protection at the same time as growing wealth.

Chief Marketing Officer Angela Yam said: "FTLife is launching a customer incentive programme during the promotional period. Those who apply successfully for HealthCare 168 will get a first-year premium refund of up to 15%³. And a successful application alongside other basic plans will entitle the policy owner to a two-year premium refund, plus a free DNA test or physical check-up³. This will enable the insured to better understand his/her health status in the best interests of planning a healthy life at the earliest opportunity."

HealthCare 168 is suitable for people aged between 15 days to 65 years old. It offers premium payment period options of five, 10, 15, 20 and 25 years. One-year and three-year premium prepayment options are available for policies with a five-year premium payment period, so the customer can benefit from lower cost by paying up the plan earlier with interest earned on the prepaid premium.

Remarks:

1. Compare among critical illness insurance plans of the same type.
2. Terminal dividend is not guaranteed.
3. Please refer to the HealthCare 168 client incentive flyer for details.

Important notes:

• The information contained in this document is intended as a general summary for reference only. For details, please refer to the relevant product brochure and client incentive leaflet. Please refer to policy provision for details of full terms and conditions.
• For further details, please contact FTLife's Customer Service Hotline on 2866 8898.
• This document is solely for distribution in Hong Kong. It is not an offer to sell, solicitation to buy, or intention to provide any insurance product outside Hong Kong. FTLife does not offer, nor sell, any insurance product in any non-Hong Kong jurisdiction, where such an offering, or sale of such an insurance product, would be illegal under local laws.

Media inquiries

FTLife Insurance Company Limited 
Branding, Marketing & Communications  
Tel: +852 2591 8888  
Email: ftlhk.mkt@ftlife.com.hk

About FTLife Insurance Company Limited

FTLife Insurance Company Limited ("FTLife") is one of Hong Kong's largest life insurance companies and a wholly-owned subsidiary of Tongchuangjiuding Investment Management Group Co., Ltd. ("JD Group"). Capitalising on a heritage of professionalism and excellence in serving clients, FTLife seeks to become a leading insurance group in Asia. It serves individual and institutional clients from a diverse portfolio of financial protection and wealth management products. FTLife aims to excel by cultivating lasting relationships and dedicates itself to providing clients with best-of-breed financial services to help them lead fulfilling lives.

About JD Group

Headquartered in Beijing, JD Group has offices in China, North America and other parts of Asia. The Group runs companies in the financial services industry and is engaged principally in investment, Internet finance, and insurance. One such business is JD Capital, a China-based leader in private equity investment. The Group aspires to become an insurance-centric financial asset management platform operating on a global scale.

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