MyCover Critical Illness Plan (MyCover Core)

Although critical illness cover might feel very similar to medical insurance, they're actually quite different. Critical illness cover pays you a lump sum of money if you have a designated disease or condition that’s covered in your policy. Essentially, it helps you worry less about your finances while you recuperate and get the treatment you need. On the other hand, most of the medical insurance plans reimburse your medical expenses and cover hospitalization costs. The claims are in the form of actual reimbursement. Therefore, critical illness insurance and medical insurance may seem similar, but in fact, the form of protection are different.

Why should I choose an online term critical illness plan?

We designed this particular plan as we wanted to offer the best possible coverage. We refer to cancer, heart attack and stroke as ‘the big 3 diseases’ as these three alone made up 88%² of our critical illness claims in 2024.

These three alone made up 88%² of our critical illness claims in 2024.

Cover carcinoma-in-situ

While some term critical illness plans on the market may not cover carcinoma-in-situ, FWD’s MyCover does. The plan covers several cases of carcinoma-in-situ including breast, lung, and cervix uteri. Plus it covers early-stage malignancy of specific organs – including prostate, thyroid and non-melanoma skin cancer. In case any of these happen, we’ll pay 35% of the initial sum insured (up to HK$400,000).

MyCover is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life/ FWD"). This eCommerce Platform is operated by FWD Financial Limited ("FWD Financial"). FWD Financial is an appointed and licensed insurance agency of FWD Life.