What:
AXA Hong Kong and Macau (AXA) announced the launch of “SmartProtect Plus” as the first in Hong Kong accident insurance plan providing collective protection for a family across generations with a single policy.
Why:
To ease the burden of customers who have a big family, once the premium for one child is paid, all the children within the same household will be entitled to equal care under shared coverage for free under “SmartProtect Plus”. Insureds also get customized protection under the shared coverage that caters to the distinct needs of all family members, with a premium as low as HKD2.4 per day.
How:
The 3 notable features of “SmartProtect Plus” are as follows:
- Shared coverage for family members to receive tailored protection with flexible financing
- “SmartProtect Plus” offers a shared coverage option that allows a family of up to 10 members across 3 generations to share one limit by all insured persons, with claims paid as they arise until the limit is reached.
- The maximum coverage for accidental death and permanent disablement is up to HKD2 million.
- Customers who opted for shared coverage can enjoy a premium reduction compared to that of traditional individual coverage.
- On the other hand, individual coverage is available to those who prefer personalized protection with a standalone limit for each person insured.
- Covering all children by paying the premium for 1 child with extra care for the juniors and the seniors
- Under the shared coverage plan, once the policyholder pays the premium for one child, all children of the family under the same single policy will be covered for free.
- Children’s age is extended to 23 years old for unmarried full-time students.
- A double allowance for daily hospital cash and home nursing is also provided for both children as well as the elderly.
- A maximum of HKD40,000 reimbursement is available for the elderly who suffer a broken bone.
- Lifetime protection from infants to the elderly with 24/7 coverage worldwide
- “SmartProtect Plus” allows first enrolment age as young as 6 months old and up to 80 years old.
- To guarantee lifetime protection for the insured, there is no age limit for policy renewal.
- With the rise of global citizenship, “SmartProtect Plus” provides 24-hour global emergency assistance services and a global hospital admission deposit guarantee of up to HKD40,000 for the expenses incurred from accidents outside Hong Kong, as immediate relief to the financial constraints or tensions.
- To alleviate the impact on the livelihood of the whole family if the breadwinner suffers from serious injury, “SmartProtect Plus” also offers “Income or Payment Protection” for the policyholders to receive timely financial assistance if their main source of income is affected.