One-stop solution with extensive protection at a daily premium as low as HKD2.4
HONG KONG, May 3, 2022 /PRNewswire/ — AXA Hong Kong and Macau (AXA) today announced the launch of "SmartProtect Plus" as the first in Hong Kong[1] accident insurance plan providing collective protection for a family across generations with a single policy. Insured persons can enjoy extensive and customised protection under the pioneering shared coverage that caters to the distinct needs of all family members, with a premium as low as HKD2.4 per day. Moreover, to ease the burden of customers who have a big family, once the premium for one child is paid, all the children within the same household will be entitled to equal care under shared coverage for free.
The 3 notable features of "SmartProtect Plus" are as follows:
1) Market-first[1] shared coverage for family members to receive tailored protection with flexible financing
"SmartProtect Plus" offers an innovative shared coverage option which allows a family of up to 10 members across 3 generations to share one limit by all insured persons, with claims paid as they arise until the limit is reached. The maximum coverage for accidental death and permanent disablement ("ADPD") is up to HKD2 million[2].
Customers opted for shared coverage can enjoy a premium reduction compared with that of traditional individual coverage. For instance, customers with a family of four can enjoy a premium reduction as much as 32%. On the other hand, individual coverage is available to those who prefer personalised protection with standalone limit to each person insured. Customers apply online now can enjoy up to 25% premium discount[3]!
2) Covering all children by paying the premium for 1 child with extra care for the juniors and the seniors
AXA understands that big families with children face large financial burdens in their daily lives. Therefore, "SmartProtect Plus" provides an exclusive offer for families with more than one child. Under the unique shared coverage plan, once the policyholder pays the premium for one child, all children of the family under the same single policy will be covered for free. Children's age is extended to 23 years old for unmarried full-time students.
A double allowance for daily hospital cash and home nursing[3] is also provided for both children as well as the elderly. A maximum of HKD40,000 reimbursement is available for the elderly who suffers a broken bone.
3) Lifetime protection from infant to elderly with 24/7 coverage worldwide
"SmartProtect Plus" allows first enrolment age as young as 6 months old and up to 80 years old. To guarantee a lifetime protection[4] for the insured, there is no age limit for policy renewal.
With the rise of global citizenship, "SmartProtect Plus" provides 24-hour global emergency assistance services and a global hospital admission deposit guarantee of up to HKD40,000 for the expenses incurred from accidents outside Hong Kong, as immediate relief to the financial constraints or tensions.
Unique add-on protections and comprehensive support for breadwinners and sports enthusiasts
To alleviate the impact on the livelihood of the whole family if the breadwinner suffers from serious injury, "SmartProtect Plus" offers "Income or Payment Protection" as an extra yet vital coverage option for the policyholders to receive timely financial assistance if their main source of income is affected.
We also take a further step to enhance protection for sports and outdoor activities lovers. With an optional cover of "Sports Protection", customers can enhance the coverage for themselves, their sports equipment or sportswear.
Kenneth Lai, Chief General Insurance Officer, AXA Hong Kong and Macau, said, "We understand the importance for our customers to provide extensive care for their children and their aging parents as well as the financial burden that comes along. The market-first shared coverage feature in "SmartProtect Plus" can help ease the burden and mental stress in an unfortunate and unexpected event. As Hong Kong's largest general insurer, we hope to help our customers and their loved ones overcome challenges in life with essential and comprehensive protection for their safety and good health."
"SmartProtect Plus" also provides various benefits such as recovery aids, job-changing subsidy, abuse support, etc. For more information, please visit: https://www.axa.com.hk/en/smart-protect-plus
The above information is for reference only. For details on product features, content, terms and exclusions, please refer to the product brochure and policy provision.
About AXA Hong Kong and Macau
AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 50 markets and serving 95 million customers worldwide. Our purpose is to act for human progress by protecting what matters.
As one of the most diversified insurers offering integrated solutions across Life, Health and General Insurance, our goal is to be the insurance and holistic wellness partner to the individuals, businesses and community we serve.
At the core of our service commitment is continuous product innovation and customer experience enrichment, which is achieved through actively listening to our customers and leveraging technology and digital transformation.
We embrace our responsibility to be a force for good to create shared value for our community. We are proud to be the first insurer in Hong Kong and Macau to address the importance of mental health through different products and services such as offering free mindfulness practice resources through Mind Charger which is fully accessible to our customers and the public via our holistic wellness platform AXA BetterMe.
AXA also takes part in a wide range of ESG initiatives and programmes both globally and locally. AXA Group established AXA Climate School and Net-Zero Insurance Alliance in 2021 and set out various global green targets such as reaching €26 billion in green investments by 2023 and achieving carbon neutrality by 2025. In Hong Kong, AXA pledges to reduce paper usage via digitisation and is the first insurer to join the 'Green Monday ESG Coalition'. As of Feb 2022, AXA Hong Kong's green investments have exceeded HKD4 billion. We strive to contribute to a sustainable future as an investor, insurer and an exemplary company.
THIS PRESS RELEASE IS AVAILABLE ON AXA'S WEBSITE: AXA.COM.HK
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA's actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – "Risk factors and risk management" of AXA's Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA's business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.
[1] Reference based on AXA's internal investigation and comparison against similar personal accident insurance products in the existing General Insurance market, and is valid until up to March, 2022.
[2] The maximum coverage for elderly under accidental death and permanent disablement is up to HKD1 million.
[3] Not applicable to Lite Plan
[4] Lifetime renewal is subject to AXA's underwriting decision and other conditions set forth in General Conditions Clause 11(d) and (e) of the Policy Wording. The renewal premium and terms and conditions may not be the same as the expiring policy.
SOURCE AXA Hong Kong and Macau
These successful folks have a different kind of drive.
The SECURE 2.0 Act, signed by President Biden in December 2022, includes dozens of changes to provisions related to tax-advantaged retirement accounts. Among the most important changes is a provision, which took effect Jan. 1 of this year, that delays … Continue reading → The post Your Required Minimum Distributions (RMDs) Have Officially Been Pushed Back appeared first on SmartAsset Blog.
Energy stocks outperformed last year, with the sector generally gaining 59% in a year when the S&P 500 dropped 19%. That’s serious performance, the kind that will always delight investors, and it has traders and analysts alike watching the energy sector closely in this first quarter of 2023. So far, the energy sector is holding back from the action. Inflation appears to be cooling and the Federal Reserve has indicated that it may take a slower pace for future interest rate hikes, both developmen
The electric vehicle maker is holding a much-awaited investor day on March 1. The Model 2, a cheaper low-cost vehicle could be released, experts speculate.
The current economic situation is turbulent for investors, to say the least. From the threat of a looming recession to high inflation, current market conditions mean that it is becoming increasingly difficult for investors to predict what’s happening next. Wall Street’s analysts, however, are up to the task, and from BMO, chief investment strategist Brian Belski has noted some important factors that investors will need to consider. First, in Belski’s view, is the fact that bear markets typically
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
(Bloomberg) — After fueling the big Wall Street rebound, trend-following quants now look poised to offload stocks if the S&P 500 falls below a key technical threshold, warns JPMorgan Chase & Co.’s trading desk. Most Read from BloombergElon Musk Regains His Spot as the World’s Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeTD Bank to Pay $1.2 Billion to End Suit Tied to Ponzi SchemeNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.Goldman Turns to ‘Make-or-
The young founder hits back at the bank in new filings, alleging JPMorgan should have known what it was buying. Javice is demanding a trial by jury.
While he’s not as popular as Jeff Bezos or Elon Musk in the U.S., Bernard Arnault doesn’t need to be — he’s the richest person in the world and may have the most unique story amongst his billionaire peers. Arnault, 73, born in France, may be most well-known today for his founding and current leadership of LVMH Moët Hennessy Louis Vuitton, the world's largest luxury goods company, but how he got there involved one French Franc ($0.16 USD), real estate in the French Riviera, and condominiums in Pa
You earned that money, might as well hold onto it.
The Zacks Consensus Estimate for Luminar's (LAZR) Q4 loss per share and revenues is pegged at 22 cents and $12.9 million, respectively.
Let us look at four drug and biotech companies, NVAX, IOVA, ALLO, SRPT and FATE, which are gearing up for their earnings release.
Every employer should review their wage and hour compliance regularly, an employment attorney says.
Here's how BlackRock Inc., the world's largest asset manager, is bracing for the economic damage it expects to result from high interest rates.
Every year, investors await Warren Buffett’s annual shareholder letter with excitement, hoping for the insights and flair that make it a must-read. The eagerly anticipated missive released Saturday didn’t address some key issues, including the slowdown in stock buybacks at Berkshire Hathaway the troubles at Geico, and succession. The stake is now worth $24 billion, well above Berkshire’s cost of $1.3 billion.
Growth stock Novo Nordisk is showing strength after FDA approval of breakthrough oral drug for type 2 diabetes. Shares are in a base.
Nio reports Q4 FY 2022 earnings on March 1. Analysts predict COVID lockdowns, supply chain issues, and a challenging economy could widen losses.
Wood's flagship Ark Innovation ETF has stumbled 45% during the past year but has rebounded 24% so far this year.
(Bloomberg) — Last year’s strong outperformance in cheaper, so-called value stocks over growth peers is likely to reverse soon as the economic recovery slows, say JPMorgan Chase & Co. strategists.Most Read from BloombergElon Musk Regains His Spot as the World’s Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.TD Bank to Pay $1.2 Billion to End Suit Tied to Ponzi SchemeGoldman Turns to ‘Make-or-Break’ Unit as
Norwegian Cruise's (NCLH) Q4 performance is likely to have benefited from improved booking trends, relaxation in COVID-related protocols and fleet expansion efforts.
AXA launches "SmartProtect Plus" Market-first accident insurance covering 3 generations with shared coverage in a single policy – Yahoo Finance
