Product Trends

LIVING BENEFITS

Azos Launches New Version of Insurance for Serious Diseases. Segurototal, June 30, 2022.

DG10 is a new version of serious illness insurance which extends coverage from five to 10 diseases and reduces the grace period. The product can be purchased by people up to 65 years old with policies from R $5 and independently, that is, is not tied to buying a parallel life insurance product. DG10 now covers acute myocardial infarction, stroke, paralysis of the limbs, vision loss, Alzheimer's, Parkinson's, multiple sclerosis, osteomyelitis, pulmonary embolism, and three levels of cancer. (Text in Portuguese)

Huize Partners with Ruihua Health Assurance to Launch "Guardian Critical Care No.5." Globe Newswire, June 8, 2022.

Huize Partners has joined with Ruihua Health Assurance to launch Guardian Critical Care No.5, a customized multiple-benefit critical illness insurance product. The product offers extensive coverage for 120 severe illnesses, 35 moderate illnesses, and 40 mild illnesses.

Chubb Launches Individual Personal Accident and Group Personal Accident & Critical Illness Plans in Hong Kong SAR. Press release, June 6, 2022.

My Accident Guard offers coverage for individuals which includes death and disability benefits of up to HKD2.5 million, medical expenses, and hospital cash due to infectious diseases and/or bodily injury. The Enterprise Employees Accident & Illness Benefits Plan is an all-in-one policy combining personal accident, accidental medical expenses, critical illness, and compassionate death coverages.

Faulu Eyes Insurance Pie with Critical Illness Cover. Business Daily, June 3, 2022.

The critical illness cover will sell for a monthly premium of Sh1,000. The issue age is between 18 and 55 years. Customers will be entitled to a payout of between Sh500,000 sum insured up to Sh15 million upon diagnosis of cancer, heart attack, motor neuro, stroke, paraplegia, or dementia.

Pru Life UK Launches Critical Illness Protection Plan for Filipino Families. Press release, May 24, 2022.

PRUHealth FamLove is a protection plan that shares critical illness coverage for up to four family members in one policy. This is available for all Filipino families, including same-sex or common-law partners, parents, and adoptive children.

Manulife Singapore and DBS Bank Launch ProtectFirst, a Go-to Insurance Plan for Young Singaporeans to Kickstart Their Protection Journeys. Press release, April 25, 2022.

ProtectFirst is an affordable insurance starter pack that offers younger customers a convenient combination of the big five critical illnesses (including early stage), life protection, and serious accident coverage. The three personas – Advocate, Adventurer, and Defender – are created to suit different financial needs and lifestyles. Depending on the customers’ preference, they can select a plan to focus more on any of the three key benefits. The plan starts at a premium of S$5/month.

GRAIL and Fountain Health Insurance Partner to Provide Coverage of Galleri Multi-Cancer Early Detection Test. Press release, June 21, 2022.

Galleri^®, GRAIL’s multi-cancer early detection (MCED) blood test will be offered to Fountain Health customers at 100% coverage as part of its annual wellness benefits.

Breeze Partners with Principal Financial Group^® to Expand Its Online Disability Insurance Platform. Coverager, June 8, 2022.

The addition of the individual disability insurance product from Principal Financial Group^® to their portfolio. This new integration, built onto Breeze’s proprietary API, enables insurance distributors to easily embed the product into their own native, digital platforms and reduce quoting and application time to under 15 minutes.

Bluezone raises £1.5 million . Coverager, May 3, 2022

Bluezone will offer life insurance for those living with chronic health conditions. They are set to launch a Type 2 diabetes life insurance product with another in the works for people with heart disease.

Aflac Incorporated; Aflac Enhances Group Critical Illness Insurance to Include Serious Mental Illnesses and Infectious Diseases Like COVID-19. PR Newswire, May 2, 2022.

The newly designed critical illness product includes more standard and optional benefits, giving employers greater flexibility to design the coverage plan. There is an option to include coverage for infectious diseases, including the flu, pneumonia, human coronavirus, and chronic conditions like diabetes.