Features first-in-market "Double Major Medical Benefit" and "Upfront No Claim Discount" giving clients sufficient health protection against soaring medical costs
HONG KONG, Nov. 9, 2017 /PRNewswire/ -- FTLife cares about the health and medical needs of our customers. The "MediCare" Medical Insurance Plan ("MediCare") offers comprehensive medical coverage with many uniquely crafted features, allowing customers to live a fulfilling life without distraction.
FTLife Asia CEO Lennard Yong said, "The medical expenses in Hong Kong are on the rise. A survey1 shows that the costs of hospitalisation and surgery in private hospitals had increased over 10% during the period from 2013 to 2015. The "MediCare" Medical Insurance Plan" from FTLife provides reimbursement of medical expenses, covering hospitalisation, surgery and post-confinement care and treatments, as well as a guaranteed lifetime renewal option until 128 years of age. This plan leads the market by offering 4 First-in-market features to guard our customers against inflating medical costs"
Four first-in-market2 advantages of "MediCare" Medical Insurance Plan
FTLife's Chief Product Officer, Christine Yeung said, "The "MediCare" Medical Insurance Plan is an innovative and flexible plan. It can serve as a basic plan or a rider. The Major Medical Benefit of the plan provides an extra 80% subsidy for expenses that exceed the maximum amount of compensation offered via two levels of protection -- "basic" and "superior" to meet customer's personal needs."
Double Major Medical Benefit for common urban diseases
To ensure the insured can receive treatment that maximises the likelihood of recovery, if he/she is diagnosed with cancer, a heart attack, stroke, kidney failure, or needs a major organ / bone marrow transplant or surgery related to diabetic-complications, the Major Medical Benefit feature will double the maximum benefit normally payable and increase the reimbursement percentage from 80% to 100%. Moreover, the benefit will extend to cover the expense of consultancy, as well as any diagnostic imaging or drugs relating to specific outpatient treatment. This could include chemotherapy, radiotherapy, targeted therapy, hormonal therapy, immunotherapy, proton therapy, haemodialysis or peritoneal dialysis.
16% of No-claim Discount for successful applications
Unlike similar plans on the market, "MediCare" provides an annual 16% no-claim premium discount immediately following successful application until the first claim is made. Then an 8% discount is provided in the policy year following a claim, while a 0% rate applies to ensuing years. If no claim is made for three consecutive policy years, the rate of no-claim discount will revert to 16%.
Outpatient surgery and admission to public wards in HKSAR Government hospitals will not affect no-claim discount.
Premium Refund Offers During the Promotion Period
FTLife's Chief Marketing Officer, Angela Yam said, "Assuming the role of our customer's Health Manager, FTLife encourages customers to get comprehensive coverage for themselves and their families. Now, apply "MediCare" Medical Insurance Plan and/or "MediSave" Medical Account together with your family, all members can enjoy a first-year premium refund rate up to 20%. Also, get a discount on the premium of the designated cancer protection plan for the whole premium payment period by attaching the plan together with "MediCare" Medical Insurance Plan. "
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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.
Media inquiries
FTLife Insurance Company Limited
Branding, Marketing & Communications
Tel: +852-2591-8888
Email: ftlhk.mkt@ftlife.com.hk
