Product Trends

HEALTH

Protecting Health with the Launch of ‘Zurich Evolve’. Press release, May 24, 2023.

This solution offers Zurich and OnePath customers and members complimentary access to health-related services, including preventive checks. It also provides specialized support and rehabilitation programs for cancer management, pain, fatigue, exercise, and mental health.

AIA NZ Launches New Offer to Help More New Zealanders to Start Thriving. Press release, May 3, 2023.

AIA NZ launches a new offer of up to 27% off insurance premiums in the first 12 months and a chance to be in to win a share of $10,000 in AIA Vitality partner vouchers. Customers get one month’s premium free when they apply for a new eligible AIA policy between 1 May 2023 and 30 June 2023.

Guardian Life Launches Child Protection Plan. Financial Express, June 9, 2023.

“Guardian Projonmo” is a complete child protection plan that ensures future security for children and complete financial independence for parents. Guardian Projonmo will pay-out more than 1.5 times the guaranteed coverage amount during regular policy maturity.

Pacific Blue Cross Launches New Personal Health Insurance Plan in Partnership with BC Women's Health Foundation.
Canada NewsWire, May 9, 2023.

The Personal Health Insurance Health and Dental plan includes family planning benefits, incorporating fertility drugs, fertility treatments, and adoption. The plan is the only provider in Canada to offer family planning benefits within an individual health and dental plan.

Sanofi Canada and Diabetes Care Community Announce a Collaboration to Support the Emotional Wellbeing Journey of Canadians Living with Diabetes . PR Newswire, May 1, 2023.

Sanofi Canada and DCC have established an online educational channel aimed at providing support for Canadians living with diabetes. The website includes advice, resources, and pragmatic techniques to improve emotional well-being.

Huize Announces Strategic Partnership with China Pacific Property Insurance and Joint Launch of “Xiao Xin An No.3” – An Accident Insurance Product Customized for the Elderly. Press release, June 15, 2023.

“Xiao Xin An No.3”, is a comprehensive accident insurance product customized to meet the needs of the elderly. The maximum eligibility age is 85. Some of the benefits include zero deductible and hospital cash benefits, additional pay-outs for special scenarios, and the minimum annual premium is just RMB115. The policy includes value-added services such as companion services for medical appointments, private ward nursing, and various home care services.

German Insurtech wefox Launches Global Affinity Business. Insurance Journal, May 3, 2023.

wefox has launched a global affinity business, increasing its existing distribution channel and extending its ability to deliver insurance solutions through partners. wefox delivers end-to-end digital journeys.

AXA Launches "SmartHelper Plus" Instant Medical Benefit with No Excess. Yahoo Finance, June 13, 2023.

SmartHelper Plus is a comprehensive insurance plan providing extensive support for domestic helpers. The plan also offers immediate medical benefits with no excess, covering clinical, surgical, and dental expenses for accidents and illnesses, and even for cancer and critical illness.

FWD Macau to Launch New Family Healthcare Plan. Macau Business, June 13, 2023.

FWD Group to launch a new family product in Macau aimed at meeting the needs of three generations. The move is in response to a survey on healthcare protection in the Greater Bay Area which found that 78 per cent of respondents believed that medical expenses could lead to financial difficulties in the next decade. The comprehensive healthcare plan covers not only the insured individual but also their parents and children.

Sun Life Hong Kong Announces New Healthcare Service Platform. Insurance Business Asia, May 31, 2023.

Sun Life Hong Kong has announced the launch of eSunPro, a new healthcare service platform that offers one-stop care and services for clients, as well as access to advanced treatment and support for their recovery journey.

AIA Hong Kong Launches AIA CarePass, Providing Premium, Comprehensive Medical Support for Eligible Visiting Customers Seeking Treatment in Hong Kong . Press Release, April 18, 2023.

AIA Hong Kong has launched AIA CarePass, a market-first, comprehensive curation of premium medical support services that integrates premium medical resources from across the Greater Bay Area for eligible high-end customers. The CarePass features value-added services such as one-stop oncology service, health arrangement service, and more.

Future Generali Offers DIY Health Cover. Product brochure, June 4, 2023.

A new do-it-yourself (DIY) health cover, this health product allows customers to design their own plan, featuring 17 assured base covers. The customer can also add on a minimum of three additional covers which include maternity benefits, road ambulance, daily hospital cash, and CI booster amongst others. Customers can choose from a mini, medi, or max plan that vary in who they cover, and the sum assured and have a minimum policy of one year and a maximum of three years.

Aegon First to Provide Life Insurance Cover for Surrogate Moms and Egg Donors. The Times of India, June 4, 2023.

Aegon Life has become the first insurance company to launch a policy that aims to support the financial well-being of covers surrogate mothers and egg donors.

Bajaj Allianz Life Rolls Out Term Coverage for Pre-diabetic and Diabetic Patients. Mint, May 30, 2023.

Bajaj Allianz Life has introduced a new term plan for pre-diabetic and Type-2 diabetic patients across the country. The Diabetic Term Plan Sub 8 HbA1c insurance coverage includes patients whose HbA1c level is up to 8%, and the comprehensive plan enables them to provide financial security for their loved ones. The new term plan offers life insurance coverage and incentivizes customers to manage their health by providing a 10% reduction in premium on policy anniversary for meeting health goals.

Bajaj Allianz Life Insurance: Affordable Term Plan to Enable Protection for All. Product brochure, May 8, 2023.

Bajaj Allianz Life Smart Protect Goal is a non-linked, non-participating pure term life insurance plan. The plan offers coverage up to 99 years of age. It comes with additional cover options such as accidental death benefit (ADB), accidental total permanent disability benefit (ATPDB), critical illness benefit (CIB), and a waiver of premium benefit (WOPB).

SBI General Launches a Fully Customizable, Digital-Only Health Product, 'Health Edge Insurance'. Business Standard, April 26, 2023.

SBI General Insurance announces the launch of a fully customizable, digital-only health product, Health Edge Insurance. The policy offers a single comprehensive plan with nine basic indemnity covers and 18 optional covers. It allows customers to design a tailor-made health insurance policy.

FWD Takaful Reframes Mental Health with the FWD Mind Strength Support Programme for Malaysians. Press release, May 17, 2023.

The FWD Mind Strength Support Programme is a first-in-the-market digital health solution designed to enable Malaysians to strengthen their minds proactively, privately, and positively. Customers can take the Mind Strength Assessment, a simple and scientifically validated assessment tool developed by Koa Health. The program also provides Mind Guidance Sessions and FWD Mind Master class web series.

NSIA Introduces New Benefit Package into Its Health Insurance Product . Independent Nigeria, April 20, 2023.

NSIA Health Insurance, in collaboration with Hollard, has launched their upgraded Health Insurance Plan with more benefits now embedded. Other benefits include chronic condition management, telehealth, 24/7 call centre, evacuation and out-of-country care, employee assistance programme, and more.

TPL Life Signs Deal with Hello Doctor to Expand Its App-Based Telehealth Platform. Press release, April 17, 2023.

TPL Life signed a memorandum of association with Hello Doctor to establish convenient bridges of communication and access between doctors and patients via the TPL Life app. Hello, Doctor will provide audio and video consultations with general practitioners and specialists via app-based TPL telehealth platform.

Cebuana Lhuillier Expands Affordable Healthcare Insurance with Launch of HealthMax . Business Mirror, May 29, 2023.

Through HealthMax, Filipinos between the age range of 15-day-old infants to 65 years old can now receive an annual maximum benefit of PHP 150,000 for emergency care and hospitalization for in-patient and out-patient at over 282 accredited hospitals nationwide. HealthMax covers viral and bacterial illnesses such as bronchitis, gastritis, gastroenteritis, dengue fever, urinary tract infections (UTI), tuberculosis, and rabies. Coverage only cost PHP 8 a day.

Kwik.Insure Launches Affordable Monthly Health Subscriptions; Targets MSMEs, Freelancers. Insurance Business, May 11, 2023.

Kwik.insure has launched KwikCare Health Subscriptions, affordable and monthly-billed healthcare plans designed for micro, small, and medium enterprises (MSMEs) and unserved individuals. The new healthcare plan starts at P995 per month, with a maximum benefit limit per illness of P50,000, up to P150,000.

AXA Partners with CoverGo Platform Developing a Health Insurance System for Digital Life to Provide a Superior Experience to Customers. Press Release, May 26, 2023.

CoverGo’s platform will improve the efficiency of AXA’s health insurance services, providing customers and AXA network partners with a better experience. Furthermore, its claims module enables digital claims submission and adjudication, resulting in faster payment.

Old Mutual Launches New Comprehensive Health Insurance to Provide Private Health Services to South African Workers. FA News, May 25, 2023.

Old Mutual launches Old Mutual Health Solutions to provide high-quality healthcare solutions to employees and members via their employers and work-related groups. It offers primary care, gap cover and related ancillary products.

ING and DKV Reach an Agreement for the Distribution of Health Insurance in Spain. Press Release, June 21, 2023.

The new health insurance from ING and DKV will offer a range of innovative healthcare products and services that customers can tailor to their needs and those of their family. Some of the services include being able to make a GP appointment, ordering a prescription, and access to your medical history. (Text in Spanish)

Prudential Teams up with Bangkok Dusit Medical Services to Offer Customers Access to Affordable High-Quality Breast Cancer Treatment. Press release, June 29, 2023.

Through this collaboration, all insured customers of Prudential in Hong Kong, Indonesia, Vietnam, Cambodia, and Myanmar can seek treatment for breast cancer with cost certainty at BDMS’ renowned Bangkok Hospital in Bangkok, Thailand. Customers who are eligible and clinically appropriate for this value-added service will benefit from a predetermined ceiling amount for a 12-month treatment period, including both treatment costs and certain accommodation expenses.

“TMB Thanachart – Prudential Thailand – BDMS” Launches “Municipal Insurance for Every Type of Family”. Thailand.postsen, June 25, 2023.

With Insurance Central, life and health insurance products can share medical expenses for the whole family for the first time. The medical expenses limit covers up to five people for both inpatient and outpatient care. Coverage may be for spouses, including life partners who are defined as LGBTQ+, and relatives.

CoverGo and AXA Insurance PCL Join Forces to Transform Health Insurance in Thailand . Fintech Global, May 25, 2023.

CoverGo’s platform will play a pivotal role in improving the efficiency of AXA’s health insurance services, offering customers and AXA network partners an enhanced experience. The claims module facilitates digital claims submission and adjudication, resulting in faster payments.

Airtel Partners with AXA Mansard to Launch Digital Health Plans to Consumers . Ebusiness Life, April 20, 2023.

AXA Mansard is to launch a digital health insurance plan that provides access to basic healthcare consultation and minor treatment for customers on the Airtel network.

Unum UK Adds Reframe Cancer Support to Help@Hand App as Cancer Continues to Dominate Claims. Press Release, June 27, 2023.

Adding cancer support to the app will benefit all employees of companies who have an employer-paid critical illness or group life policy. Employees covered by an Unum critical illness policy get two years of ongoing personal support following a cancer diagnosis. Employees will have a dedicated cancer support manager for continuity of care, supported by a Reframe cancer nurse specialist with access to trusted clinicians and wellbeing specialists.

PensionBee Launches Protection Offering with LifeSearch. Press release, May 30, 2023.

PensionBee customers can now purchase fully digital mortgages and family life insurance, in addition to critical illness cover, via a simple ‘compare, apply, and buy’ online process. Customers are also able to set up pension beneficiaries in their BeeHive (account dashboard), to ensure their pension savings are left to their loved ones.

Sun Life U.S. Offers New Dental Plan Options to Help Members Reduce Out-of-Pocket Costs and Maintain Preventive Care. Press Release, June 6, 2023.

As part of its Lifetime of Smiles® oral health platform, Sun Life U.S. has launched two new PPO dental plan options for employer clients to help employees stretch their benefit dollars and get more coverage for dental care.

Washington National Announces New Accident Insurance Product. PR Newswire, June 6, 2023.

Accident Insurance offers financial protection in the form of lump-sum cash benefits paid directly to the policyholders when a covered accidental injury occurs. There are four types of coverage, six optional benefit riders and built-in accidental dismemberment and death benefit.

Humana and Longevity Health Partner to Expand Access to Special Needs Plans for Medicare Beneficiaries. Press release, May 4, 2023.

Longevity Health Plan and Humana Inc. announced a new partnership to expand special needs health plan offerings that support the unique requirements of Medicare-eligible individuals living in skilled nursing and senior living facilities. The partnership will launch in South Carolina and Georgia and expand to five more states in 2024.

MetLife Worldwide Benefits Adds Will Preparation and Estate Resolution Services for Members . BusinessWire, April 26, 2023.

Members who are enrolled in life insurance to gain the value-added services of will preparation and estate resolution services. The services are offered through MetLife Legal plans and give members access to more than 18,000 participating plan attorneys.

FirstHealth of the Carolinas to Offer GRAIL’s Galleri®, a Multi-Cancer Early Detection Blood Test. BusinessWire, April 18, 2023.

FirstHealth of the Carolinas, Inc., a private, not-for-profit health system serving patients in 15 counties in the mid-Carolinas, and GRAIL, LLC, a healthcare company whose mission is to detect cancer early when it can be cured, announced the availability of Galleri®, a multi-cancer early detection (MCED) screening test to eligible patients. FirstHealth will be the first health system in North Carolina to offer the Galleri MCED test to those at an elevated risk of cancer.

Healthy.io Partners with Secure Exchange Solutions to Address Medicare's $120 Billion Chronic Kidney Disease Dilemma. BusinessWire, April 17, 2023.

Healthy.io, the global leader in transforming the smartphone camera into a medical device, has selected SES to support their Minuteful Kidney™ test, the only FDA-cleared smartphone-powered at-home kidney test. The SES’s clinical notifications platform will deliver Minuteful Kidney test results to primary care physicians.

Kanguro Insurance Launches Revolutionary Health Insurance Plans for Pets in the US that is Fully Bilingual . PR Newswire, April 13, 2023.

The health insurance plan for pets offers an end-to-end experience which is 100% digital. The plan is bilingual (available in both Spanish and English). Their mobile app can be used for claims handling.

BCBSOK Launches MyBlueRxOK Mobile Pharmacy Benefit App. Press release, April 12, 2023.

MyBlueRxOK is a mobile pharmacy benefit app that delivers a personalized pharmacy benefits experience to members through an integrated digital platform. The app allows customers to find available lower cost drug options, compare drug costs at different pharmacies, get reminders when it is time to fill a prescription and access information about prescription drugs.