LIVING BENEFITS

China

Huize Launches “Darwin Critical Care 2021” with Sunshine Insurance Group – an innovative Critical Insurance product for consumers with pre-existing conditions – Globe Newswire, June 18, 2021.

“Darwin Critical Care 2021,” is a critical illness insurance product designed for sub-optimal health group. ‘Darwin Critical Care 2021’ provides insurance coverage for consumers with more than 20 high-risk diseases including diabetes, hepatitis B, hypertension, hyperlipidemia and breast nodules.              

Hong Kong

AIA Hong Kong encourages people to get vaccinated offers multiple rewards and cover – Press release, May 18, 2021.

AIA Hong Kong announced the offer of multiple rewards and cover for vaccinated persons, including those who received COVID-19 vaccination. AIA Vitality will give 1,000 points to its members if they receive any of the following vaccines, including influenza, Hepatitis B, Hepatitis A and B, HPV and COVID-19. Customers who successfully applied for AIA’s iTravel Protect and have received COVID-19 vaccine can enjoy HK$200 premium discount.

India

Bajaj Allianz launches critical illness cover, Criti-care – Mint, April 6, 2021.

Criti-Care is a benefit only policy. It pays a lump sum amount to the customer if diagnosed with the listed ailment. The sum insured under each section ranges from ₹1 lakh to ₹50 lakh.

Japan

T&D Financial launch “Hybrid Asset Life (Variable Whole Life (Accidental addition Type I)” – Press release, June 14, 2021.

The plan has an issue age of 20-80 years. It has a single premium ranging from 0.5 million to 900 million yen dependent on the plan chosen. Benefits include an accidental death benefit.  A LTC/Dementia annuity rider can be added. (Text in Japanese)

Japan

Medicare launches ”Medifit Cancer Insurance” – Press release, June 2, 2021

Medifit Cancer Insurance has an issue age of 0-75 years. The benefits include anti-cancer drug treatment benefit, cancer radiation treatment benefit and cancer bone marrow transplant benefit. There are also a variety of riders that can be added on. (Text in Japanese)

Japan

Lifenet launches new disability insurance – Press release, June 1, 2021

The new disability insurance has an issue age of 20-60 years of age. The plan includes a bimonthly benefit, Mental DI lump sum benefit and a Hospitalization lump sum benefit. The is also an optional Return to work support lump sum benefit. (Text in Japanese)

Japan

Taiyo Life launch “Cancer / Severe disease preventive insurance” (10 CI insurance) – Press release June 1, 2021.

The Cancer/Severe disease preventative insurance is available as term type or whole life type. The issue age is 5-75 years for term type and 12-75 for whole life. The policy period is ten years. the benefits include a death benefit and a 10CI benefit. (Text in Japanese)

Malaysia

MSIG launches two new critical illness products – Media Outreach, May 27, 2021.

MSIG launches two CI plans. They are EZ Plus Critical Care which covers most prevalent critical illnesses; cancer, stroke, heart attack and kidney failure and Cancer Care 365 which is focused specifically on cancers.

Malaysia

FWD Takaful launches FWD CI to simplify illness protection – Press release, April 7, 2021.

FWD CI First covers individuals up to age of 85 years. The plan offers benefits that include critical illness and lifestyle impact, death coverage, as well as waiver of contribution. There is an optional maturity reward where we will pay 100% of the total contribution paid upon maturity provided no claims have been made through during the coverage term.

Philippines

Sun Life insurance now available for Tendopay’s partner companies – Press release, June 15, 2021.

Sun Life has inked up a strategic tie-up with Tendopay. Interested partner companies can sign up for the program and extend the offer of Personal accident insuranceto their employees who aged between 18 to 65 years. customers must also be Tendopay virtual credit cardholders.

Philippines

Allianz makes quick and easy health insurance the new normal – Manila Times, April 16, 2021.  

The Allianz eAZy Health plan is an enhanced CI plan and covers cancer, heart attack, stroke, and other critical illnesses.  Allianz has a newly automated lead management process on Facebook which can attend to customers’ needs in real-time or within 48 hours.

United States

Symetra’s new Critical Illness insurance offers Employers expanded, flexible coverage options to help protect employees at every life stage – Business Wire, June 30, 2021.

Symetra Critical Illness is a CI plan with a flexible design. The plan offers a critical life stage approach. In addition to coverage of cancer, heart attack and stroke it offers optional benefits for those wishing to start a family. It also offers coverage for childhood diagnoses such as autism and dementia for those later in life.

United States

Haven Life launches Haven Disability, providing families with affordable short-term disability insurance – PR Newswire, May 24, 2021.

Haven Disability is a new short-term disability income product. It can be purchased through an online application in a few minutes from any device. Haven Disability is designed to cover monthly expenses like rent or mortgage payments.