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Superb Protection Critical Illness Plan

Superb Protection Critical Illness Plan (Basic)

Product Summary

As medical technology advances, chance of recovery from critical illnesses has been highly improved. However, these expensive procedures, coupled with inflation, may add up to medical expenses that can be overwhelming for both patients and families alike.

Superb Protection Critical Illness Plan (Basic) (the “Plan”) is a comprehensive and flexible critical illness plan. The Plan offers critical illness benefit and special diseases benefit, together with 2 optional riders to top up your protection, guarding you against unforeseeable medical expenses.

Product Icons
 

Critical Illness Benefit

 

Special Disease Benefit

 

10-year Additional Protection

 

Terminal Dividend

 

Premium Waiver Benefit

Product Features

 Coverage of up to 63 critical illnesses

The Plan provides protection against up to 63 critical illnesses, including cancer, heart disease or stroke. If the insured is diagnosed with any of the covered critical illnesses, we will pay critical illness benefit1,2,3, which is equal to 100% of the original sum assured, plus non-guaranteed terminal dividend4 (if any). The critical illness benefit will terminate after one claim. Nevertheless, Superb Protection Multiple Critical Illness Rider (if any) will remain in effect, offering you continued protection through the multiple critical illness benefit.

 Coverage of up to 10 special diseases

The Plan comes with protection against up to 10 special diseases, including carcinoma in-situ and systemic lupus erythematosus, up to age 85 of the insured. If the insured is diagnosed with any covered special diseases and has not claimed critical illness benefit, we will pay 20% of the original sum assured in advance as special diseases benefit2, subject to a maximum limit of HKD240,000/ USD30,000. The total benefit amount of special diseases benefit under all in force policies underwritten by China Life (Overseas) shall not exceed the said amount for the same insured. The special disease benefit will be terminated once paid.

After we settle your claim under the special disease benefit, the payout amount will be deducted from the sum assured of the Plan and Superb Protection Early Stage and Juvenile Critical Illness Rider (if any).

 2 optional riders to suit your needs

Under the Plan, you can top up your protection with 2 optional riders, rounding up a protection that suits your personal needs.

Superb Protection Early Stage and Juvenile Critical Illness Rider2

Early stage diseases benefit provides coverage against up to 47 early illnesses up to age 85 of the insured. If the insured is diagnosed with any covered early stage diseases, we will pay 20% of the original sum assured or HKD240,000/USD30,000 (whichever is lower) in advance as early stage diseases benefit. The total benefit amount of early stage diseases benefit under all in force policies underwritten by China Life (Overseas) shall not exceed the said amount for the same policyholder. Early stage diseases benefit will be terminated once paid.

After we settle your claim under the early stage diseases benefit, the payout amount will be deducted from the sum assured of the Plan and Superb Protection Early Stage and Juvenile Critical Illness Rider (if any).

Juvenile diseases benefit offers protection against 10 common critical illnesses among children, such as autism, severe asthma and Kawasaki disease, up to age 17 of the insured. If the insured is diagnosed with any covered juvenile diseases, we will pay 20% of the original sum assured or HKD240,000/USD30,000 (whichever is lower) in advance as juvenile diseases benefit. The total benefit amount of juvenile diseases benefit under all in force policies underwritten by China Life (Overseas) shall not exceed the said amount for the same policyholder. Juvenile diseases benefit will be terminated once paid.

After we settle your claim under the juvenile diseases benefit, the payout amount will be deducted from the sum assured of the Plan and Superb Protection Early Stage and Juvenile Critical Illness Rider (if any).

 

Superb Protection Multiple Critical Illness Rider

The critical illness benefit of the Plan and multiple critical illness benefit of this rider can provide up to total 7 times of claims for the covered critical illnesses. After the critical illness benefit under the Plan is paid and before the insured reaches age 85, this rider will continue to cover you with multiple critical illness benefit3 against 5 disease groups: (1) cancer; (2) heart and related disease; (3) neurological system and related disease; (4) major organs failure and related disease and (5) other critical illnesses , as long as the benefit limits of the relevant disease group has yet to be reached.

For disease group (1) cancer, the critical illness benefit of the Plan and multiple critical illness benefit of this rider can provide up to total 3 times of claims for this group. For other disease groups, the critical illness benefit of the Plan and multiple critical illness benefit of this rider can provide up to total 1 times of claims for each group.

For the details of the covered disease conditions, please refer to the “list of covered disease conditions”.

 

 Life protection

If the insured passes away and has not claimed critical illness benefit, we will pay death benefit1, which is equivalent to 100% of the original sum assured less any benefit paid, plus free 10-year additional protection (if applicable) and non-guaranteed terminal dividend4 (if any). The Plan will be terminated thereafter.

 Enhanced protection for the first 10 years

The Plan provides 10-year additional protection benefit for critical illness benefit or death benefit during the first 10 policy years. The amount payable is equal to 35% of the current sum assured (applicable to policy of which the insured’s issue age is 18 or above), or 50% of the current sum assured5 (applicable to policy of which the insured’s issue age is 18 or below).

 Premium waiver benefit

After the Plan’s critical illness benefit1 is paid, we will waive the undue premiums of “Superb Protection Multiple Critical Illness Rider” (if applicable), providing the insured with continuous critical coverage.

For the details of the benefits, please refer to the “benefit schedule”.

 Non-guaranteed terminal dividend4

The Plan is a participating plan, offering you comprehensive critical illness coverage and death benefit, and potential returns with non-guaranteed terminal dividend4 (if any), so that you can enjoy both protection and wealth accumulation.

Product Details

Superb Protection Critical Illness Plan

Plan type Critical illness plan
Premium payment term and issue age
Premium payment term6 Issue age
10 years 15 days to age 65
15 years 15 days to age 65
20 years 15 days to age 60
Benefit term Up to age 100 of the insured

Under “special diseases benefit” , “early stage diseases benefit”(optional rider) and “multiple critical illness”(optional rider): Up to age 85 of the insured

Under “juvenile critical illness benefit”(optional rider): Up to age 17 of the insured
Premium payment mode Annual, semi-annual, quarterly, monthly7
Policy currency HKD or USD
Minimum sum assured HKD100,000 /USD12,500

Remarks:

  1. When China Life (Overseas) pays out “critical illness benefit” or “death benefit”, less all the previous claims payment under the Plan and its riders (if any), and all indebtedness (if any).
  2. Once the critical illness benefit under the Plan is paid, the Plan and Superb Protection Early Stage and Juvenile Critical Illness Rider (if any) will be terminated thereafter.
  3. Each critical illness claim under critical illness benefit and multiple critical illness benefit (if applicable) shall fall in different groups of critical illnesses and each group shall be payable only once except for the claim for cancer. If the previous claim is made under group 1 of the list of covered disease conditions, and the subsequent claim is from group 1 or 4, the subsequent claim must fulfil the “5-year waiting period” requirement. If the subsequent claim is made under group 2, 3 or 5, the date of such diagnosis must be separated from the previous diagnosis by 1 year; if the earlier claim is made under group 2 to 5, the subsequent diagnosis must be separated from the previous diagnosis by 1 year. For each claim made, the insured must survive at least 30 days after the first diagnosis of a critical illness.
  4. Terminal dividend is non-guaranteed and is a one-time dividend. It is not perpetually attached to the policy. The amount of terminal dividend will be subject to adjustment when it is declared. The terminal dividend may become zero in some circumstances. The terminal dividend is payable starting from the 5th policy year and shall be paid upon the occurrence of the earliest of the following conditions:
    1. when the death benefit is paid;
    2. when the first claim payment for the critical illness benefit is paid; or
    3. the policy reaches the policy maturity date.
    For more information, please refer to clause 7 and clause 8 under “important information” and “non-guaranteed benefit” risk.
  5. Current sum assured refers to the sum assured less claims paid under special diseases benefit (if any), early stage diseases benefit (if any) and/or juvenile critical illness benefit (if any), and does not include the sum assured of optional riders.
  6. In addition to premiums, you have to pay policy fee of HKD200/USD25 (subject to policy currency) per year during premium payment term.
  7. If the required renewal premium is paid by you within the grace period, the policy shall continue to be in force. For details, please refer to the policy provisions issued by China Life (Overseas). If the policy is lapsed or surrendered early, the policy cash value received by you may be considerably less than the total amount of the premium paid.

 

Important Information

The above information is for reference only. The detailed terms, conditions and exclusions of the Plan are subject to the relevant policy contract.

You have the right to purchase the medical insurance product as a standalone plan instead of bundling with other type(s) of insurance product.
 

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