Cigna Hong Kong Launches HealthSecure Protection Booster

Comprehensive critical illness coverage with various plan levels for flexible budgeting Guaranteed step-up protection of up to 400% of original sum insured depending on plan level without further underwriting

HONG KONG — Cigna Worldwide General Insurance Company Limited (“Cigna Hong Kong”) has launched “Cigna HealthSecure Protection Booster”, a new product that offers critical illness protection to customers throughout their every life stages.

Taking into account customers’ health protection and financial needs as they age, the sum insured increases by HK$500,000 every five years, up to 400% of the original sum insured depending on the plan level. By joining the plan early in life, customers can enjoy peace of mind and guaranteed protection without further underwriting.

According to the Centre for Health Protection of the Department of Health 1, critical illnesses such as cancer, stroke, heart diseases and dementia together made up 53% of the leading causes of death in 2015 in Hong Kong.

In addition, report from the Hong Kong Cancer Registry, Hospital Authority2 indicated that the risk of critical illness such as cancer rises with age. In 2014, 62% of new cancer cases and 77% of cancer deaths occurred in people over the age of 60.

These data point to the importance for an individual to have insurance protection early in life when in better health condition, and ensure to get adequate protection if the health condition deteriorates at a later stage in life.

Building on Cigna’s dedication to serve customers throughout different stages of their life journeys, “Cigna HealthSecure Protection Booster” provides a basic benefit amount of HK$500,000 at policy commencement.

Customers can choose from three different plan levels. Depending on the plan levels, they can enjoy guaranteed increase in the sum insured after a designated period, or opt for retaining the sum insured when they enter another stage of life and their financial needs change for flexible budgeting.

Customers can choose from three different levels according to their own preference. For option 1, customers will pay level premium and enjoy an automatic increase of sum insured to HK$1,000,000 after age 55. The sum insured remains unchanged thereafter.

For option 2, customers will also pay level premium but enjoy an automatic HK$500,000 increase of the sum insured every five years after age 55 up to HK$2,000,000. Option 3 allows customers to pay a yearly adjustable premium which automatically increases the sum insured by HK$500,000 every five policy years up to HK$2,000,000. This option also gives customers the flexibility to retain the sum insured at HK$1,000,000 or HK$1,500,000 for the remaining years of the policy.

The product covers 53 critical illnesses, including cancer, stroke and heart disease, which are common in Hong Kong3. In the unfortunate event that the person insured is first diagnosed and confirmed to have any of those illnesses, 100% of the sum insured will be paid to provide financial support to the customer during difficult times.

Mr. Austin Marsh, CEO and Country Manager, Cigna Hong Kong, said, “As our customers’ active health and well-being partner, we understand customers want to be well protected with financial support when they suffer from critical illnesses.

With ‘Cigna HealthSecure Protection Booster’, customers can pay a smaller premium purchasing a lower benefit amount at younger ages when the risk on critical illness is lower, and have a guaranteed increase in sum insured as they age. Customers can have flexibility in budgeting and at the same time enjoying comprehensive critical illness protection.”

“At Cigna, we are dedicated to working together with our customers all the way, helping them plan in advance for medical and financial protection that gives them peace of mind throughout their life journeys,” added Mr. Marsh. –