Premier Life Critical Illness Benefit 安康人生危疾附加保障

Transcription

1 Premier Life Critical Illness Benefit 安康人生危疾附加保障

2 Premier Life Critical Illness Benefit offers comprehensive coverage against life-threatening illnesses. At critical moments, it provides the life insured with funds to fight against 48 critical illnesses and to get the best possible treatment if the need arises. We will also take the extra step of helping the life insured to get treatment from the medical expertise available at hospitals in the USA as well. Protection tailored for your needs If the life insured is male, we extend the cover against prostate cancer and testicular cancer, up to 110% of the protection amount (that is, an extra 10%), up to age 75 of the life insured only (see note 1). For female, we extend the cover against carcinoma-in-situ of the breast, cervix uteri, uterus, ovary, fallopian tube or vagina, and the Premier Life Critical Illness Benefit will offer 20% of the protection amount as an advance benefit to help ease the financial burden (up to HK$240,000/ US$30,000 per life) (see notes 1, 2 and 3). Access to top hospitals and second opinions In addition to financial support, Premier Life Critical Illness Benefit includes access to the professionals in prominent hospitals in the United States who will offer a second medical opinion (see note 4). The life insured may also have access to medical treatment at cutting-edge hospitals (see note 4). In other words, the moment we approve the critical illness claim, a team of quality medical experts will be standing by to help the life insured get on the road to recovery. Better control over your financial planning To help you have better planning of financial budget, at the time of application, we determine the amount of premium based on the age of the life insured of Premier Life Critical Illness Benefit. The premium is not expected to increase with age. However, we do not guarantee this. Please see premium adjustment under Important Information. Enjoy peace of mind with life protection The plan offers death benefit that equals the protection amount, reduced by any benefit amounts claimed, if the life insured passes away before age 100. And, when the life insured reaches age 100, we will give this amount as maturity benefit to celebrate the life insured s birthday. Inflation Protector Option You may also add on the optional Inflation Protector Option (see note 5) to keep pace with the inflation. The Inflation Protector Option automatically increases the critical illness coverage by 5% of the initial protection amount each year, for up to 10 consecutive years. The increased protection amount of Premier Life Critical Illness Benefit will remain unchanged even after the Inflation Protector Option ends.

3 List of critical illnesses covered (see note 9) Most frequent illnesses 1. Cancer 3. Heart attack (myocardial infarction) 2. Stroke Neurological diseases 4. Amyotrophic lateral sclerosis 11. Encephalitis 5. Progressive bulbar palsy 12. Spinal muscular atrophy 6. Progressive muscular atrophy 13. Primary lateral sclerosis 7. Muscular dystrophy 14. Apallic syndrome 8. Multiple sclerosis 15. Alzheimer s disease or irreversible organic degenerative brain disorders (dementia) 9. Parkinson s disease 16. Bacterial meningitis 10. Benign brain tumour 17. Creutzfeld-Jacob disease Major organ diseases 18. Kidney failure 22. End-stage lung disease 19. Major organ transplantation 23. Medullary cystic disease 20. End-stage liver disease 24. Fulminant viral hepatitis 21. Chronic relapsing pancreatitis Heart diseases 25. Coronary artery bypass surgery 28. Cardiomyopathy 26. Heart valve surgery 29. Angioplasty and other invasive treatments for coronary artery disease (see note 6) 27. Surgery to aorta 30. Other serious coronary artery diseases Disabilities 31. Paralysis 35. Loss of speech 32. Blindness 36. Total and permanent disability (see note 8) 33. Loss of limbs 37. Severe rheumatoid arthritis 34. Loss of hearing (see note 7) Others 38. Coma 44. Occupationally acquired HIV 39. Aplastic anaemia 45. Haemolytic streptococcal gangrene 40. Major burns 46. Primary pulmonary arterial hypertension 41. Poliomyelitis 47. Major head trauma 42. Terminal illness 48. AIDS due to blood transfusion 43. Systemic lupus erythematosus

4 Covered diseases Amount of critical illness benefit and gender specific benefit Cover period Critical illness benefit 48 critical illnesses 100% of the protection amount (see notes 6 and 7) Up to age 100 Gender specific benefit Prostate cancer or testicular cancer Carcinoma-in-situ Breast Cervix uteri Uterus Ovary Fallopian tube Vagina An extra 10% of the protection amount We will pay this once Advance 20% of the protection amount (see note 2) Up to HK$240,000/US$30,000 per life (see note 3) We will pay this once Age 16 to 75 Age 16 to 100 Notes: 1. If the life insured is diagnosed with prostate cancer or testicular cancer before age 75 and survives a period of not less than 28 days, we will pay an extra 10% protection amount. The benefits for prostate cancer or testicular cancer and carcinoma-in-situ will be effective starting from age 16 of the life insured. 2. We will pay this advance benefit once only and we will reduce the maximum amount of death benefit, critical illness benefit and maturity benefit by the amount claimed for carcinoma-in-situ. Despite the reduction of the benefit amounts, the premium will not be reduced. 3. Per life limit means the aggregate of all amounts of the same and similar benefits we will pay under all insurance policies covering the life insured and issued by us. 4. Second Medical Opinion is provided by a third party service provider which is an independent contractor and is not our agent. We shall make no representation, warranty or undertaking as to any medical opinions given by the medical service provider and hospitals. The designated hospital list may change from time to time. Please visit our company website ( for the latest Medical Referral Services Provisions for the terms and conditions of this service. 5. You will need to apply for the inflation protector option at the time you buy your Premier Life Critical Illness Benefit. You can choose not to apply for the option at the time you buy this product, but you cannot add it back later. You will need to pay an extra premium each time you exercise the inflation protector option. The extra premium will be based on the age of the life insured and the premium rate (we may change the premium rate from time to time) at the time the option is exercised. Please see the benefit provision for details. 6. We will only pay the living benefit on angioplasty and other invasive treatments for coronary artery disease once, it will be 15% of the protection amount and up to HK$100,000/US$12,500 per life (see note 3). We will reduce the maximum amount of death benefit, critical illness benefit and maturity benefit by the amounts claimed. Despite the reduction of the benefit amounts, the premium will not be reduced. 7. The critical illness benefit for loss of hearing is equal to 50% of the protection amount if the life insured is age two or younger. We will pay this benefit once only. The supplementary benefit will end after we pay the critical illness benefit for any critical illness other than angioplasty and other invasive treatments for coronary artery disease. This includes the payment of critical illness benefit for loss of hearing before or when the life insured reaches the age of two. 8. Coverage for total and permanent disability will take effect when the life insured reaches the age of What are described in the list are general descriptions of the critical illnesses for your reference only. Please see the benefit provision for the exact definitions of the critical illnesses. Learn more: 立即關注 WeChat ID: Manulife_HongKong Smart say - by Manulife Manulife Hong Kong

5 Important Information 1. Nature of the product The product is a life insurance plan without a savings element. There is no cash value for the product. It is aimed at customers who want an insurance product of the nature as described in this product leaflet and can pay the premiums as long as they want the protection as described in this product leaflet. As a result, you should save enough money to cover the premiums in the future. The premium pays for the insurance and related costs. 2. Premium adjustment We determine the amount of premium based on the age of the life insured at the time of application. The premium is not expected to increase with age. However, we do not guarantee this. We will regularly review our products, including the premium rates, to make sure we can continue to provide cover. When reviewing the premium rates, we will consider our claims experience and other factors. We can change the premium rates on each policy anniversary. 3. Premium term and result of not paying the premium You should continue to pay the premium (or premiums) on time throughout the benefit term. We will collect the premium for this supplementary benefit together with the premium for your basic plan. If you do not pay these premiums together on time, you have 31 days from the due date to pay them, during which the policy and the supplementary benefit(s) will continue in force. If we do not receive the premium after the 31-day period ends, the policy and the supplementary benefit(s) will end without further notice and the life insured will not be covered. 4. Credit risk Any premiums you paid would become part of our assets and so you will be exposed to our credit risk. Our financial strength may affect our ability to meet the ongoing obligations under the insurance policy. 5. Currency risk This supplementary benefit is available in foreign currency. You should consider the potential currency risks when deciding which policy currency you should take. The foreign-currency exchange rate may fall as well as rise. Any change in the exchange rate will have a direct effect on the amount of premium you need to pay and the value of your benefits in your local currency. The risk of changes in the exchange rate may cause a financial loss to you. This potential loss from the currency conversion may wipe out the value of your benefits under the policy or even be more than the value of benefits under your policy. 6. Inflation risk The cost of living in the future is likely to be higher than it is today due to inflation. As a result, your current planned benefits may not be enough to meet your future needs. 7. Condition for ending the supplementary benefit This supplementary benefit will end if: i. the life insured dies; ii. you fail to pay the premium within 31 days after the due date and there is no cash value in the basic plan of the policy to which this supplementary benefit is attached; iii. the policy reaches the anniversary closest to the life insured s 100 th birthday and we have paid the maturity benefit; iv. the policy is ended or reaches its end date (matures); v. you cash in the policy or we apply the non-forfeiture benefit (if any) to your policy; vi. we have paid the critical illness benefit on loss of hearing, including payment of the critical illness benefit before or upon the life insured attaining the age of 2; or vii. we have paid 100% of protection amount or 50% of protection amount in respect of loss of hearing under the critical illness benefit, whichever is earlier; whichever happens first. Inflation protector option (IPO) will end if: i. you end the Premier Life Critical Illness Benefit attached to the policy; ii. the policy reaches the anniversary closest to the life insured s 60 th birthday; iii. you have declined an increase in protection amount; iv. the policy reaches the 5 th to last policy anniversary before the date to which premiums of Premier Life Critical Illness Benefit are payable; v. the total protection amount of Premier Life Critical Illness Benefit reaches 150% of the initial protection amount or the maximum protection amount that we set; vi. there is any reduction in the protection amount of Premier Life Critical Illness Benefit; vii. we have paid any total disability waiver benefit claim, such as Premium Waiver Benefit, Advance Payment Disability Benefit or Payor Benefit; viii. there is any contraction of major disease or critical illness on the life insured and they are entitled to any benefit or claim under any provisions; ix. the policy reaches the 10 th policy anniversary since the effective date of Premier Life Critical Illness Benefit IPO (this only applies if the effective date of Premier Life Critical Illness Benefit IPO falls on any policy anniversary or the policy year date); or x. the policy reaches the 11 th policy anniversary since the effective date of Premier Life Critical Illness Benefit IPO (this only applies if the effective date of Premier Life Critical Illness Benefit IPO falls on a day other than any policy anniversary or the policy year date); whichever happens first.

6 8. Exclusions and limitations We will not pay any living benefit for critical illness or gender specific illness if it results from any of the following. i. Congenital condition. ii. Directly or indirectly caused by acquired immune deficiency syndrome (AIDS), AIDS related complex (ARC), or infection by human immunodeficiency virus (HIV), except the occupationally acquired HIV and AIDS due to blood transfusion. iii. Suicide, attempted suicide or intentionally selfinflicted injury, whether sane or insane. iv. Any physical conditions for which no benefit is payable under the section elimination period in the policy provision. v. Directly or indirectly by taking drugs (unless taken as prescribed by a registered medical practitioner), poison or alcohol. vi. Directly or indirectly by war or any act of war, declared or undeclared, riots, insurrection or civil commotion. If the life insured is being excluded or restricted in any manner under the plan from claiming for or receiving any benefit or any part of the benefit due to or in any event related to any illness, sickness, injury, disability, medical treatment and/or any complications or diseases of the life insured, all these sickness, injury, disability, medical treatment and/or any complications or diseases of the life insured will remain excluded or restricted from any coverage/benefit under the Inflation Protector Option. What we have said above is an outline of the circumstances under which we will not pay the benefits. You should see the benefit provision as well as the policy provision for the exact terms and conditions and pay particular attention to those terms including but not limited to the clauses on elimination period, notice and proof of claims and the definitions of critical illness, gender specific illness and medically necessary. In this product leaflet, you and your refer to the policyowner. Manulife, we, us and our refer to Manulife (International) Limited. Premier Life Critical Illness Benefit is an insurance product (supplementary benefit) provided and underwritten by Manulife (International) Limited (incorporated in Bermuda with limited liability). This product leaflet provides only general information on this product. You should read the benefit provision as well as the policy provision for the exact terms and conditions that apply to this product. You can ask us for a copy. You should not buy this product unless you fully understand the product features and risks. For more information, please contact your Manulife insurance advisor or call our customer service hotline on (852) (if you are in Hong Kong) or (853) (if you are in Macau). If you have any doubts, please get professional advice from independent advisors. To view our Privacy Policy, you can go to our website at You may also ask us not to use your personal information for direct marketing purposes by writing to us. You can find our address on our website. We will not charge you a fee for this. This product leaflet is for distribution in Hong Kong and Macau only, but not in mainland China. MKTPP03E (04/2017)