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FWD Term Critical Illness Insurance
MyCover Critical Illness Plan
Market pioneer to offer additional medical coverage on the big 3 critical illnesses
I am applying for
Gender
Smoking status
Renewable period
All premiums are calculated on standard rates and this quote is for reference only. The premium levy, which we’re obliged to collect for the Insurance Authority, is payable in addition to the actual premium to be paid.
Before proceeding, please confirm you understand this product’s features and that it fits your need(s) and affordability.
Why do you need critical illness insurance cover?
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.
* Hong Kong Cancer Registry. The First Report of Stage-specific Survival of Breast and Colorectal Cancers in Hong Kong. Hospital Authority, Hong Kong; Version 2, 2020. Available at: https://www3.ha.org.hk/cancereg (accessed 27 Sep, 2021).
Why apply for a term critical illness plan online?
Pure critical illness insurance policy for better value of money
Pure critical illness insurance plan has no savings or investment component, so you can get essential protection against the critical illnesses most likely to affect you—at a more affordable premium in the early stages.
Get insured online for fast and easy cover
Finally, we’ve made sure you can get covered instantly with no need to go through complicated medical tests.
FWD MyCover compared to other critical illness insurance in the market Monthly premium range¹
What is MyCover term critical illness insurance 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 87%2 of our critical illness claims in 2025.
So, we created a critical illness insurance plan that pays a cash lump sum of up to HK$2,500,000 (equivalent to 100% of the current sum insured) in the event you're diagnosed with big 3 diseases.
FWD MyCover feature: 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).
How to compare critical illness plans and choose the right one?
MyCover Plus
You can also choose to enhance the coverage for an additional 59 critical illnesses. (For the covered Diseases, please refer to the Product Brochure P.10-11)
We refer to this optional cover as our ‘Crisis Benefit’. Should you be diagnosed with any of the covered crisis, we’ll pay 100% of the current sum insured – as soon as you’re diagnosed.
MyCover 2-in-1
Following any claims payment for one of the big three diseases, you then can go on to claim for further medical expenses after the eligible expense of such big 3 disease have reached a pre-set limit, for up to two years after your first confirmed diagnosis of such big three disease.
We’ll pay either up to 100% initial sum insured under all policies of the Term Critical Illness Series with Additional Medical Coverage for Big 3 Diseases or up to HK$1,000,000 per life under all policies of the Term Critical Illness Series3 with Additional Medical Coverage for Big 3 Diseases – whichever is lower.
For more details, check the Eligible Expenses11 limit.
(10-year renewable period is not applicable to MyCover 2-in-1)
Comparing MyCover plans
MyCover Core | MyCover Plus (with Crisis benefit) | MyCover 2-in-1 (with Crisis benefit + Additional medical coverage) | |
|---|---|---|---|
Cancer, heart attack & stroke | Up to HK$2,500,000 | ||
Carcinoma-in-situ or early stage malignancy of specific organs | Up to HK$400,000 | ||
Coverage for additional 59 critical illnesses | Non Applicable | Up to HK$2,500,000 | |
Rehabilitation services | Covered | ||
Additional medical coverage for cancer, heart attack & stroke | Non Applicable | Up to HK$2,500,000 | |
Monthly Premium | First 2 months capped at HK$9.9 | As low as HK$15.93 | As low as HK$24.57 |
The premium is calculated on standard rates and is based on the monthly premium for a non smoking male aged 18 with coverage of HK$300,000 at a renewal term of 1 year. All premiums (exclude levy collected by the Insurance Authority and non guaranteed) are rounded to the nearest whole number and the actual premium amount varies from person to person and is for reference only.
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.
With you every step of the way
Built-in recovery support
If you’re diagnosed with a cancer, a stroke or a heart attack (and we have paid the Big 3 Diseases Benefit), you can access our Life Enrichment Programme4, totally free of charge. This offers a professional rehabilitation services.
Access professional help
All customers will have access to our PREMIER The ONEcierge programme5.
Critical illness protection, just a few clicks away
Unsure about how it works? See MyCover in action with this case study below.
Name:
Ms Wong (25 years old, Graduate Trainee)
Plan:
MyCover 2-in-1 (with Additional medical coverage + Crisis benefit)
Initial sum insured:
HK$1,000,000
Claimed HK$350,000 (35% of initial sum insured)
Claimed HK$650,000 (100% of Current Sum Insured or equivalent 65% of initial sum insured)
Support from Life Enrichment Programme
Up to additional HK$1,000,000 benefit limit for reimbursement for treatment for that breast cancer within two years from the date of First Confirmed Diagnosis of that breast cancer10
Benefit summary
HK$300,000
HK$2,500,000 (Age Next Birthday 1-60)
HK$1,500,000 (Age Next Birthday 61-70)
Yearly renewable / 10-Year renewable plan
Age Next Birthday 1 (15 days) - 70
Renewable up to the policy anniversary immediately preceding the 85th birthday of the insured
To the policy anniversary immediately preceding the 85th birthday of the insured
This platform offers Monthly premium payment mode
Policy holder can contact FWD Customer Service to amend premium payment mode after policy is effective
The product information here is for reference only and does not contain the full terms and conditions, key product risks and exclusions. For more details and key product risks, please refer to the product brochure. For the exact terms and conditions and a full list of exclusions, please refer to the policy provisions of the plan.
Please make sure you are eligible for this product before applying:
- I (and the Insured person if applicable) am a permanent HKID card holder with a Hong Kong residential address.
- Currently in Hong Kong at the time of making this application.
- I will not or have no intention to live or work outside Hong Kong or home country over 183 days in the coming 12 months.
- I am not a holder of the People’s Republic of China Resident Identity Card.
Not exactly what you need?
If you are looking for a product that offers broader benefit coverage and higher benefit limits. Please contact us for more information.