Critical Illness Insurance
Critical Illness Insurance
MyCover Critical Illness Plan
MyCover Critical Illness Plan
3-month premium waiver plus 15% premium discount for the first 3 years
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Male, 25 years old, Non-smoker
HK$
--
/mo
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About critical illness cover
Why do you need critical illness insurance cover?
Why do you need critical illness insurance cover?
Although critical illness cover might feel very similar to life insurance, it’s 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.
For example, the 5-year relative survival rates of stage 1 colorectal cancer is 95.7% *.
The money we pay out can be used for the treatment you need – and do remember that ongoing medical advancements has seen increment in survival rates.
* 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 should I choose an online term critical illness plan?
Value for money
Value for money
For term critical illness plans, you’re paying for the coverage that matters most to you, which means paying a lower premium than critical illness insurance plans with savings element in general.
Fast, easy cover
Fast, easy cover
Finally, we’ve made sure you can get covered instantly with no need to go through complicated medical tests.
Critical illness coverage in the market
Monthly premium range1
Monthly premium range1
What is MyCover term critical illness insurance plan?
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 90%2 of our critical illness claims in 2020.
These three alone made up 90%2 of our critical illness claims in 2020.
So we created a plan that pays a cash lump sum equivalent to 100% of the current sum insured in the event you’re diagnosed with big 3 diseases.
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).
Create the plan that’s right for you
MyCover Plus
MyCover Plus
You can also choose to enhance the coverage for an additional 59 critical illnesses.
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.
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
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 or up to HK$1,000,000 per life under all policies of the Term Critical Illness Series 3 – whichever is lower.
For more details, check the Eligible Expenses11 limit.
(10-year renewable period is not applicable to MyCover 2-in-1)
We’ll pay either up to 100% initial sum insured under all policies of the Term Critical Illness Series or up to HK$1,000,000 per life under all policies of the Term Critical Illness Series 3 – whichever is lower.
For more details, check the Eligible Expenses11 limit.
(10-year renewable period is not applicable to MyCover 2-in-1)
With you every step of the way
Built-in recovery support
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
Access professional help
All customers will have access to our PREMIER The ONEcierge programme5.
Still confused? Have a glance at the table below to see the difference between each offering.
3 Tailor-made tiers
Critical illness protection, just a few clicks away
Answer two simple questions, no medical exam needed
Answer two simple questions, no medical exam needed
Less than 10 minutes to apply
Less than 10 minutes to apply
Get covered in as little as 30 minutes
Get covered in as little as 30 minutes
Unsure about how it works? See MyCover in action with this case study below.
Case study
This is for illustrative purpose only and assume that a) all premiums are paid in full when due, b) there is no indebtedness under the policy, c) the definitions and claims requirements of the benefits are fulfilled, d) the Initial Sum Insured of the Basic Plan of the policy remains unchanged throughout the policy term and e) the Insured does not have other policies of the Term Critical Illness Series3.
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
Purchased MyCover 2-in-1 (with Additional medical coverage + Crisis benefit)
Diagnosed carcinoma-in-situ of breast
Claimed HK$350,000 (35% of initial sum insured)
The carcinoma-in-situ of breast has progressed to breast cancer
Claimed HK$650,000 (100% of Current Sum Insured or equivalent 65% of initial sum insured)
Support from Life Enrichment Programme
Get additional reimbursement
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 cancer 10
Enjoy 3 months of free premium plus a 15% premium discount for the first 3 years
Enjoy 3 months of free premium plus a 15% premium discount for the first 3 years
Enjoy a 3-month premium waiver plus 15% premium discount for the first 3 years for online applications. Terms & conditions apply.
Benefit summary
Benefit summary
Minimum sum insured
HK$300,000
Maximum sum insured
HK$2,500,000 (Age Next Birthday 19-60)
HK$1,500,000 (Age Next Birthday 61-70)
HK$1,500,000 (Age Next Birthday 61-70)
Renewable period
Yearly renewable / 10-Year renewable plan
Issue age
Age Next Birthday 19 - 70
Benefit term
Renewable up to the policy anniversary immediately preceding the 85th birthday of the insured
Premium payment term
To the policy anniversary immediately preceding the 85th birthday of the insured
Benefit items
Benefit items
Big 3 Diseases Benefit7
100% of the current sum insured
Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit3,7
Advanced payment of 35% of the Initial Sum Insured (subject to a maximum of HK$400,000 per Insured of each claim under all policies of the Term Critical Illness Series3
Life Enrichment Programme4
If Big 3 Diseases Benefit is payable, relevant rehabilitation programme will be provided
Death Benefit7
5% of the initial sum insured
MyCover Critical Illness Protection Plan – PREMIER THE ONEcierge One Team Health Management5
Access to a network of leading specialists and top-tier hospitals in the Pan-Asia region
Second Medical Opinion8
Standby assistance from renowned doctors from top U.S. medical institutes
Family Care Services9
Referral services to help you take care of your home
Crisis Benefit7 (optional benefit)
100% of the current sum insured
Additional Medical Coverage for Big 3 Diseases10 (optional benefit)
If Big 3 Diseases Benefit has been paid and/or is payable, and within two years from the date of first confirmed diagnosis of such Big 3 Disease, the Eligible Expenses11 of that big 3 Disease have reached the lower of the total initial sum insured under all policies of the Term Critical Illness Series3 or HK$500,000, the insured can claim up to additional 100% of the total initial sum insured under all policies of the Term Critical Illness Series or HK$1,000,000 per life under all policies of the Term Critical Illness Series3, whichever is lower, on a reimbursement basis for Eligible Expenses11 incurred in respect of that Big 3 Disease in excess of the aforesaid threshold under Hospitalisation Benefits, Surgical Benefits and Other Benefits12
Remarks
Remarks
- The critical illness coverage monthly premium is based on Age 35, male, non-smoker, and sum insured of HK$ 1,000,000. The monthly premium range for term critical illness insurance is reference from 5 different yearly-renewable and 10-year term critical illness insurance online plans in the market (including MyCover Core (yearly renewable) of which the premium is non-guaranteed and rounded to the nearest whole number), which cover 3 – 38 critical illnesses . The premium of FWD’s The monthly premium range for critical illness savings insurance is reference from 5 different whole life critical illness savings insurance plans in the market, which cover 56 – 62 critical illnesses. The above information is based on comparison made by FWD as at 31 August 2021. Premiums do not include insurance levy collected by the insurance Authority.
- Source from FWD claims report 2020
- Term Critical Illness Series means MyCover Critical Illness Plan and other selected critical illness insurance term plan(s) as specified by FWD from time to time.
- This service is provided by HealthMutual Group Limited (“HMG”) and its healthcare network team. FWD reserves the right to vary the services in its sole discretion without further notice. FWD shall not be responsible for any act, negligence or failure to act on the part of HMG and its healthcare network team (if any). While the insured is still alive and the policy is still in force, when Big 3 Diseases Benefit is payable, We will provide the Life Enrichment Program which shall be started within 6 months from the payment date of such Big 3 Diseases Benefit to the Insured and the fee will be waived once per Insured. This service is only available in Hong Kong region.
- PREMIER THE ONEcierge is provided by HMG and its healthcare network team and Parkway Hospitals Singapore (“Parkway”) and shall not form a part of the policy or benefit item under the policy provisions. FWD reserves the right to terminate or vary the service in its sole discretion without further notice. FWD shall not be responsible for any act, negligence or failure to act on the part of HMG and its healthcare network team and Parkway. This service is only available in the Pan-Asia region. The hotline for PERMIER THE ONEcierge is (852) 8120 9066 for Hong Kong and there is also a toll-free number for Mainland, 400 9303078. For details, please refer to the attached PREMIER THE ONEcierge’s brochure.
- Based on the monthly premium for a non-smoking male aged 18 at a renewal term of 1 year. All premiums (exclude levy and non-guaranteed) are rounded to the nearest whole number and the actual premium amount varies from person to person.
- FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) (“FWD” or “We”) will pay the Big 3 Diseases Benefit, Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit and Crisis Benefit (if applicable) only where the first symptoms appear, the condition occurs and the diagnosis or surgery relating to the relevant disease occurs after the first 90 calendar days from the commencement date. This first 90 calendar days limitation does not apply if any disease is solely and directly caused by an accident and independently of any cause. While this policy is in force, if the insured has the first confirmed diagnosis of a Big 3 Disease, carcinoma-in-situ or early stage malignancy of specific organs or crisis (if applicable) and survives for a period of at least 14 days from the date of first confirmed diagnosis of such Big 3 Diseases, carcinoma-in-situ or early stage malignancy of specific organs or crisis (if applicable), we will pay to the policy owner the Big 3 Diseases Benefit, Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit or Crisis Benefit (if applicable). Current sum insured means the initial sum insured less any benefits paid under Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit of the policy. Big 3 Diseases Benefit or Crisis Benefit (if applicable) will only be paid once until the total claims paid and/or payable reach 100% of the initial sum insured. Total claims means the aggregate amount of the Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit, Big 3 Diseases Benefit and Crisis Benefit (if applicable) payments. Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit, Big 3 Diseases Benefit or Crisis Benefit (if applicable) shall not be paid in conjunction with the Death Benefit. If Additional Medical Coverage for Big 3 Diseases (Optional Benefit) is not selected, upon payment of the Big 3 Diseases Benefit, Our liability (if any) under this Policy shall be limited to the Life Enrichment Program.
- No benefit will be payable under this Death Benefit if the total claims paid and / or payable reach 100% of the initial sum insured at the time of the death of the Insured. This benefit shall not be paid in conjunction with the Big 3 Diseases Benefit, Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit or Crisis Benefit (if applicable)
- Family Care Services is provided by Aspire Lifestyles (“Aspire”) currently and is not guaranteed renewable. All relevant fees and charges (if any) of this service shall be borne by the Insured solely. FWD shall not be responsible for any act or failure to act on the part of Aspire and/or any of its affiliates. Details of the services and service provider may be revised from time to time without FWD’s prior notice.
- If policy owner can obtain a refund of any expenses otherwise recoverable under this benefit from any other sources, FWD will only pay the portion of these expenses in excess of the refund obtained from other sources up to the above limit. Policy owner must tell FWD if the insured can obtain a refund of all or part of expenses otherwise recoverable under this benefit from any other sources. If FWD has paid a benefit which is recoverable from another source, Policy owner must refund this amount to FWD. The policy will be terminated once the above maximum limit for the Eligible Expenses is reached or upon expiry of this benefit, which is two years after the date of the first confirmed diagnosis of such Big 3 Diseases (whichever is earlier). Once the Big 3 Diseases Benefit is payable and while the policy is still in force, We will waive the balance of premiums payable under this policy.
- Eligible Expenses refers to reasonable and customary charges incurred for Medically Necessary treatment, services or supplies rendered with respect to the same Big 3 Disease for which the Big 3 Diseases Benefit claim is paid or payable.Reasonable and customary refers to a fee or expense which:
- is actually charged for Medically Necessary treatment, supplies or medical services;
- does not exceed the usual or reasonable average level of charges for similar treatment, supplies or medical services in the location where the expense is incurred;
- does not include charges that would not have been made if no insurance existed.
We may adjust benefit(s) payable under this policy for fees or expenses that We judge not to be reasonable and customary after comparing with fee schedules used by the government, relevant authorities or recognised medical associations in the location where the fee or expense is incurred. - Hospitalisation Benefits, Surgical Benefits and Other Benefits coverage
Entitled ward class: Hospitalization Benefits
- Room & Board: Full Cover
- Intensive Care Unit Charges: Full Cover
- Medical Practitioner’s Hospital Visit and Specialist’s Fee: Full Cover
- Miscellaneous Hospital Medical Charges: Full Cover
- Hospital Companion Bed (An extra bed for 1 person who accompanies the Insured in Hospital): Full Cover
- Private Nursing Care’s Fee: Full Cover
Entitled ward class: Hospitalization Benefits
- Surgeon’s fees, Anaesthetist’s fee and operating theatre fee: Full Cover
Entitled ward class: Other Benefits
- Post-hospitalisation Out-patient (1 consultation per day): Full Cover
- Post-hospitalisation Home Nursing (within 31 calendar days after discharge following surgery or Intensive Care Unit admission): Full Cover
- Non-surgical Cancer Treatmenti: Full Cover
- Prescribed Diagnostic Imaging Testsii: Full Cover
- Rehabilitation Treatment (stay in Rehabilitation Centre for treatment for at least 6 continuous hours): Full Cover
Standard Ward Room refers to a room type in a Hospital that is of a quality below a Standard Semi-private Room. Standard Semi-private Room refers to a single or double occupancy room in a Hospital, with a shared bath or shower room.
Without prejudice to the maximum limit of the Additional Medical Coverage for Big 3 Diseases, if on any day of Hospitalisation, the Insured is Hospitalised in a room of a higher level than a Standard Semi-private Room at his own choice, the amount of Eligible Expenses reimbursable shall be reduced by multiplying the following percentage:
- Actual room type:Standard Ward Room
- Percentage applied to the Eligible Expenses:100%
- Actual room type:Standard Semi-privite Room
- Percentage applied to the Eligible Expenses:100%
- Actual room type:Standard Private Room
- Percentage applied to the Eligible Expenses:50%
- Actual room type:Level above the Standard Private Room
- Percentage applied to the Eligible Expenses:25%
The above adjustment shall not be applied if the Hospitalisation in a room of a higher level than a Standard Semi-private Room is necessitated by the following reasons:
- unavailability of accommodation at the specified ward class due to ward or room shortage for emergency treatment;
- isolation purposes that require a specific class of accommodation; or
- other reasons not involving personal preference of the Policy Owner and/or the Insured.
Key product risks
Key product risks
Credit risk
This product is an insurance policy issued by FWD. The application of this insurance product and all benefits payable under your policy are subject to the credit risk of FWD. You will bear the default risk in the event that FWD is unable to satisfy its financial obligations under this insurance contract.
Exchange rate and currency risk
The application of this insurance product with the policy currency denominated in a foreign currency is subject to that foreign currency’s exchange rate and currency risk. The foreign currency may be subject to the relevant regulatory bodies’ control (for example, exchange restrictions). If your home currency is different from the policy currency, please note that any exchange rate fluctuation between your home currency and the policy currency of this insurance product will have a direct impact on the amount of premium required and the value of benefit(s) to be received. For instance, if the policy currency of the insurance product depreciates substantially against your home currency, there is a negative impact on the benefits you receive from the product. If the policy currency of the insurance product appreciates substantially against your home currency, your burden of the premium payment is increased.
Inflation risk
The cost of living in the future may be higher than now due to the effects of inflation. Therefore, the benefits under this policy may not be sufficient for the increasing protection needs in the future even if FWD fulfills all of its contractual obligations.
Premium adjustment
The premium is non-guaranteed and FWD reserves the right to review and adjust the premiums from time to time. The premium may increase significantly due to factors including but not limited to claims experience and policy persistency.
Yearly renewable/ 10-Year renewable plan: The premium within the renewable period is not guaranteed but will not be increased solely based on the age of the Insured on his or her next birthday. The premium upon renewal will be determined at our sole discretion based on the age of the next birthday of the Insured at the time of renewal.
In addition, if Additional Medical Coverage for Big 3 Diseases is selected at the policy application, the premium of Additional Medical Coverage for Big 3 Diseases is not guaranteed and will be determined annually at our sole discretion based on the age of the Insured on his or her next birthday at the policy anniversary, and the premium of the policy will change every year.
Yearly renewable/ 10-Year renewable plan: The premium within the renewable period is not guaranteed but will not be increased solely based on the age of the Insured on his or her next birthday. The premium upon renewal will be determined at our sole discretion based on the age of the next birthday of the Insured at the time of renewal.
In addition, if Additional Medical Coverage for Big 3 Diseases is selected at the policy application, the premium of Additional Medical Coverage for Big 3 Diseases is not guaranteed and will be determined annually at our sole discretion based on the age of the Insured on his or her next birthday at the policy anniversary, and the premium of the policy will change every year.
Premium term and non-payment of premium
The premium payment term of the policy up to age 85 (age next birthday).
FWD allows a grace period of 30 days after the premium due date for payment of each premium. If a premium is still unpaid at the expiration of the grace period, the policy will be terminated from the date the first unpaid premium was due. Please note that once the policy is terminated on this basis, you will lose all of your benefits.
FWD allows a grace period of 30 days after the premium due date for payment of each premium. If a premium is still unpaid at the expiration of the grace period, the policy will be terminated from the date the first unpaid premium was due. Please note that once the policy is terminated on this basis, you will lose all of your benefits.
Termination conditions
The policy will automatically end on the earliest of the following:
- The death of the insured;
- The expiry date of this policy;
- The date of policy surrender. Such date is determined in accordance with our applicable rules and regulations in relation to policy surrender;
- On the premium due date, if the policy owner has not paid the premium within the 30-day grace period; and
- The total claims paid and / or payable reach 100% of the initial sum insured (except when Big 3 Diseases Benefit is payable, this policy will be terminated when Additional Medical Coverage for Big 3 Diseases has been paid or terminated, applicable to Additional Medical Coverage for Big 3 Diseases only)
Exclusions
Exclusions
Death Benefit
If the insured commits suicide within 13 calendar months from the commencement date (or the reinstatement date, whichever is later), FWD’s legal responsibility will be limited to the total premium amount paid to FWD without interest, less any outstanding insurance levy and after deducting any policy benefits that FWD has paid and any outstanding amounts owed to FWD. This applies regardless of whether the Insured was sane or insane when committing suicide.
Big 3 Diseases Benefit, Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit, Crisis Benefit (if applicable) and Additional Medical Coverage for Big 3 Diseases (if applicable)
This policy shall not cover any loss / claim directly or indirectly caused by or resulting from any of the following:
- Intentional self-inflicted injury or attempted suicide, while sane or insane and while intoxicated or not.
- The participation in any criminal event.
- Any condition arising out of consumption of poisoning drugs, psychiatric drug, drug abuse, alcohol abuse, abuse of solvents and other substances unless prescribed by a medical practitioner for treatment.
- Human Immunodeficiency Virus (HIV) related illness, including Acquired Immunization Deficiency Syndrome (AIDS) and / or any mutations, derivations or variations thereof, which is derived from an HIV infection (Applicable to Crisis Benefit only: except “HIV due to blood transfusion” and “occupationally acquired HIV”).
Please refer to policy provisions for the exclusion for the Post-hospitalisation Out-patient.
Waiting period
FWD will not pay the Big 3 Diseases Benefit, Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit and Crisis Benefit (if applicable) where the first symptoms appear, the condition occurs and the diagnosis or surgery relating to the relevant disease occurs within the first 90 calendar days from the commencement date. This first 90 calendar days limitation does not apply if any disease is solely and directly caused by an accident and independently of any cause.
Important notes
Important notes
Cancellation right within cooling-off period
If you are not fully satisfied with this policy, you have the right to change your mind.
We trust that this policy will satisfy your financial needs. However, if you are not completely satisfied, you have the right to cancel and obtain a full refund of the insurance premium paid by you and levy paid by you without interest by giving us written notice. Such notice must be signed by you and received directly by the office of FWD within 21 calendar days immediately following either the day of delivery of the policy or a cooling-off notice to you or your nominated representative, whichever is the earlier. The notice is the one sent to you or your nominated representative (separate from the policy) notifying you of your right to cancel within the stated 21 calendar day period. No refund can be made if a claim payment under the policy has been made prior to your request for cancellation. Should you have any further queries, you may (1) call our Customer Service Hotline on 3123 3123; (2) visit our FWD Insurance Solutions Centres; (3) email to cs.hk@fwd.com and we will be happy to explain your cancellation rights further.
We trust that this policy will satisfy your financial needs. However, if you are not completely satisfied, you have the right to cancel and obtain a full refund of the insurance premium paid by you and levy paid by you without interest by giving us written notice. Such notice must be signed by you and received directly by the office of FWD within 21 calendar days immediately following either the day of delivery of the policy or a cooling-off notice to you or your nominated representative, whichever is the earlier. The notice is the one sent to you or your nominated representative (separate from the policy) notifying you of your right to cancel within the stated 21 calendar day period. No refund can be made if a claim payment under the policy has been made prior to your request for cancellation. Should you have any further queries, you may (1) call our Customer Service Hotline on 3123 3123; (2) visit our FWD Insurance Solutions Centres; (3) email to cs.hk@fwd.com and we will be happy to explain your cancellation rights further.
Cancellation right after cooling-off period
To surrender the policy, the policy owner needs to send FWD a completed surrender form or by any other means acceptable by FWD.
Automatic exchange of financial account information
FWD must comply with the following requirements of the Inland Revenue Ordinance to facilitate the Inland Revenue Department automatically exchanging certain financial account information:
- To identify accounts as non-excluded “financial accounts” (“NEFAs”);
- To identify the jurisdiction(s) in which NEFA-holding individuals and NEFA-holding entities reside for tax purposes;
- To determine the status of NEFA-holding entities as “passive non-financial entities (NFEs)” and identify the jurisdiction(s) in which their controlling persons reside for tax purposes;
- To collect information on NEFAs (“Required Information”) which is required by various authorities; and
- To furnish required Information to the Inland Revenue Department.
Incorrect disclosure or non-disclosure
Your policy is based on the information you and the Insured gave FWD during the application process. It is important that you and the Insured were truthful and accurate with all of the information you provided, as this information helped FWD to decide if you and they were eligible for the policy, and what you need to pay.
You or the insured are/is required to disclose all material facts in response to FWD's underwriting questions. Material facts are the facts, information or circumstances, in particular medically-related facts, e.g. medical history, smoking status, etc., that would influence the judgment of FWD in setting the premium, or in determining whether to insure the risk. If you or the Insured are/is uncertain as to whether or not a certain piece of information is material, please take a cautious approach and disclose it to FWD.
You should let us know immediately if the information you or the Insured gave us was inaccurate, misleading, or exaggerated. If you or the Insured did not provide accurate and truthful information, or you or they gave misleading or exaggerated information, your benefits or premium under your policy may be affected, and in some cases we may cancel your policy.
You or the insured are/is required to disclose all material facts in response to FWD's underwriting questions. Material facts are the facts, information or circumstances, in particular medically-related facts, e.g. medical history, smoking status, etc., that would influence the judgment of FWD in setting the premium, or in determining whether to insure the risk. If you or the Insured are/is uncertain as to whether or not a certain piece of information is material, please take a cautious approach and disclose it to FWD.
You should let us know immediately if the information you or the Insured gave us was inaccurate, misleading, or exaggerated. If you or the Insured did not provide accurate and truthful information, or you or they gave misleading or exaggerated information, your benefits or premium under your policy may be affected, and in some cases we may cancel your policy.
Notice of claim
Written notice of any claim for Death Benefit, Big 3 Diseases Benefit, Crisis Benefit (if applicable), Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit and Additional Medical Coverage for Big 3 Diseases (if applicable) must be given to FWD within 30 calendar days (and in any case no later than 6 calendar months) from the date of death of the insured, the date of the relevant medical treatment or first confirmed diagnosis of such respective big 3 diseases, crisis or carcinoma-in-situ or early stage malignancy of specific organs (as applicable). Any claims for Death Benefit, Big 3 Diseases Benefit, Crisis Benefit (if applicable), Carcinoma-in-situ or Early Stage Malignancy of Specific Organs Benefit and Additional Medical Coverage for Big 3 Diseases (if applicable) received after the said 6-month period shall not be accepted, unless FWD in its sole discretion decide otherwise.
Important words
Important words
Big 3 Disease(s)
Disease(s) listed under “Big 3 Diseases covered in MyCover Critical Illness Plan” in Appendix 1: List of Diseases Covered of policy provisions. Any diagnosis of Big 3 Diseases for the purpose of claiming the Big 3 Diseases Benefit must fulfil the meaning together with the terms and conditions stated under the heading of that Disease in Appendix 2: Definition of Big 3 Diseases of policy provisions.
Disease(s)
The Disease(s) covered under this Policy as set out in “Appendix 1: List of Diseases Covered” of policy provisions. Each Disease is further defined in Appendix 2, Appendix 3 or Appendix 4 of policy provisions.
First Confirmed Diagnosis
The first time that a diagnosis of a Disease is made by a medical practitioner and confirmed by histopathological and / or cytopathological patterns and / or radiological tests, blood tests and / or other laboratory tests results. Date of diagnosis of a Disease suffered by the Insured will be the day when tissue specimen, culture, blood specimen or any other laboratory investigation upon which the diagnosis is determined is first taken from the Insured. For cancer and carcinoma-in-situ or early stage malignancy of specific organs, a diagnosis based on history, physical and radiological findings only will not meet the standards of diagnosis required by this Policy.
Hospitalise and Hospitalisation
The period when the Insured stays in a hospital as an in-patient for Medically Necessary treatment of a Big 3 Disease. The Hospital stay must be for at least 6 continuous hours or, if this does not happen, the Hospital must charge for room and board. The insured cannot leave the Hospital before he or she is discharged. Hospitalisation ends when the Hospital issues its final accounts in preparation for the Insured to formally leave, or be discharged from, the Hospital.
Medically Necessary
A medical service, procedure or supply which is necessary and is:
consistent with the diagnosis and customary medical treatment for the insured’s Disease;
recommended by a medical practitioner for the care or treatment of the Insured’s Disease involved and must be widely accepted professionally in Hong Kong as effective, appropriate and essential based upon recognized standards of the health care specialty involved; and
not furnished primarily for the personal comfort or convenience of the Insured or any medical service provider. Experimental, screening and preventive services or supplies are not considered Medically Necessary.
Declarations
Declarations
- This product is underwritten by FWD. FWD is solely responsible for all features, policy approval, coverage and benefit payment under the product. FWD recommends that you carefully consider whether the product is suitable for you in view of your financial needs and that you fully understand the risk involved in the product before submitting your application. You should not apply for or purchase the product unless you fully understand it and you agree it is suitable for you. Please read through the following related risks before making any application of the product.
- This product material is issued by FWD. FWD accepts full responsibility for the accuracy of the information contained in this product material. This product material is intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) only and shall not be construed as an offer to sell, a solicitation to buy or the provision of any insurance products of FWD outside Hong Kong. All selling and application procedures of the product must be conducted and completed in Hong Kong.
- This product is an insurance product. The premium paid is not a bank savings deposit or time deposit. The product is not protected under the Deposit Protection Scheme in Hong Kong.
- All underwriting and claims decisions are made by FWD. FWD relies upon the information provided by the applicant and the Insured in the insurance application to decide to accept or decline the application with a full refund of any premium paid and any insurance levy paid without interest. FWD reserves the right to accept / reject any insurance application and can decline your insurance application without giving any reason.
- All the above benefits and payment are paid after deducting policy debts (if any, e.g. unpaid premiums or policy loan with interest).
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.
Not exactly what you need?
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.
Frequently asked critical illness questions
Frequently asked critical illness questions
Does the premium stay the same throughout the benefit term?
Does the premium stay the same throughout the benefit term?
The premium is not guaranteed and we reserve the right to review and adjust the premium rates from time to time. The premium may increase significantly due to factors including but not limited to claims experience and policy persistency.
Can MyCover be purchased with any premium payment mode other than monthly ?
Can MyCover be purchased with any premium payment mode other than monthly ?
For online applications, only monthly premium payment is available. Once the policy is issued and in force, the policy owner can choose to change the premium payment mode.
If I do not hold a HKID, can I apply for MyCover online?
If I do not hold a HKID, can I apply for MyCover online?
You must hold a permanent HKID or be a Hong Kong resident to apply for MyCover online.
If I do not pass all the health-related underwriting questions, how will the application proceed?
If I do not pass all the health-related underwriting questions, how will the application proceed?
You can leave your contact in our online enquiry form for FWD to follow up.
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Copyright 2020 FWD Life Insurance Company (Bermuda) Limited
(Incorporated in Bermuda with limited liability). All rights reserved.
(Incorporated in Bermuda with limited liability). All rights reserved.