Canada
PolicyMe Launches New Critical Illness Insurance Offering the Most Covered Conditions in Canada for Adults. Business Wire, November 7, 2022.
The Critical Illness offering will covers 44 conditions, 10-15 more than the average Canadian insurer.customers can apply for life insurance and be underwritten for critical illness insurance in one single application.
China
Huize Partners with Guolian Life Insurance to Launch Darwin Critical Care No. 7. Press release, October 22, 2022.
Huize Holding Limited announced that it has partnered with Guolian Life Insurance to launch Darwin Critical Care No. 7. This critical illness insurance product offers additional benefits for severe and mild malignant tumours and carcinoma in situ, as well as ICU hospitalization benefits covering major diseases beyond the scope of severe, moderate, and mild illnesses.
Hong Kong
RGA Launches Plan V Care in Partnership with Covéa and Direct Life to Expand Digital Distribution Capabilities. Press release, December 13, 2022.
Plan V Care is a digital cancer-only product designed for women. RGA has developed a direct-to-consumer proposition tailored to meet female millennials' needs. The policy will provide a one-off cash payment should one receive a defined life-altering cancer diagnosis that meets RGA’s definition. This cash payment can cover costs while receiving treatment, make adaptations to one’s home, or cover salary loss.
India
Ageas Federal Life Launches Criti Care Plan. Uni India, December 6, 2022.
Ageas Federal Life Insurance Criti Care Plan is a comprehensive plan covering 30 critical illnesses and major diseases. The issue age is 18 years, to a maximum of 65 years. The plan offers three premium payment options: Single Pay, Limited Pay, and Regular Pay.
India
Tata AIA Life Associates with Medix to Offer Specialised “Critical Illness” Related Services to its Consumers. Press release, October 20, 2022.
The engagement will offer TATA AIA’s consumers access to a local and global network of accredited medical specialists to manage their medical journey related to serious illnesses. This service is complementary for policyholders who have purchased eligible life insurance products across term, savings, and pension plans.
Singapore
Critical Illness Protection Is an Essential Element of Comprehensive Healthcare Financial Planning. Press release, October 6, 2022.
The two plans in the GREAT Critical Cover Series – GREAT Critical Cover: Top 3 CIs and GREAT Critical Cover: Complete – specifically focus on critical illness protection. They provide 100% pay out across all stages (early, intermediate, and critical) during the policy term. An optional Protect Me Again rider is available with both plans.