Cancer
Cancer in its various forms, is of the most deadly diseases in the world today.
A report by the World Health Organizaton in 2022 highlighted the following:
- Cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths.
- The most common cancers are breast, lung, colon and rectum and prostate cancers.
- Around one-third of deaths from cancer are due to tobacco use, high body mass index, alcohol consumption, low fruit and vegetable intake, and lack of physical activity.
- Cancer-causing infections, such as human papillomavirus (HPV) and hepatitis, are responsible for approximately 30% of cancer cases in low- and lower-middle-income countries.
- Many cancers can be cured if detected early and treated effectively.
Unfortunately, it is also one of the most expensive to treat and one that you are least prepared for. It can strike any of us at any time and the treatment and recovery costs can be a huge strain on our finances.
To counter these costs, you need a plan that can give you what other traditional health plans will generally not provide - ie: a lump sum payout on detection (without any medical bills).
These funds will assist during your journey to recovery and can be used to pay for household expenses that may be more difficult to manage while you're sick.
Moreover, you can use this amount for a treatment with a doctor and a hospital of your choice, locally or abroad. All this at extremely affordable premiums.
In Hong Kong, most life companies propvide some form or cancer cover, whether it is a stand alone plan or whether it needs to have an underlying life policy.
Questions? Call Romi Gill or Robin Brown on +852 2530 2530
The emotional and physical toll that follows a cancer diagnosis, can not be absolutely debilitating and sadly, almost predictable. Not only does the initial diagnosis and treatment take its toll, but all too often the financial strain continues with regular doctor visits and the possibility of having to live off savings.
The National Health Service in the UK maintains that one in two of us will develop some form of cancer during our lifetimes.
Cancer is the leading cause of death in Hong Kong, and the second leading cause of death globally, (cardiac disease comes first, globally).
Timely and effective treatment of cancer should not be left to chance and could cost could cost anywhere from HKD2,000,000 to HKD10,000,000
Insuring against this possibility will reduce the financial burden, and free you up to concentrate on your recovery.
Treatments available today are increasingly able to precisely target and eliminate the cancer cells, and minimize the side-effects of treatment.
For more information, please call us on 852 2530 2530 or email the team at crew@navigator-insurance.com
product2 details
FWD. provides a couple of cancer policies, as summarized below
|
Product Name |
Enhanced Cancer Protection |
Target Drugs Protection |
|
Type
|
Lump Sum Payment
|
Expense Reimbursement
|
|
Coverage |
100% all stages cancer including designated early-stage cancer and carcinoma-in-situ
|
Reimburse actual medical costs of the listed 61 covered target drugs# for target therapy treatment in HK within 730 days (2 years) Reimbursement Period##
|
|
Benefit Options |
Sum Insured (3 options):
|
Overall Limit (3 options): HKD500,000 HKD1,000,000 HKD2,000,000 |
|
Features |
|
|
|
Application & Eligibility |
Use the same Application Form to apply for either one or both products Simplified Underwriting Approach (No medical investigation is required)
Entry age 0 to 59, yearly renewable up to 79 HKID holders Non-smoker for the past 10 years
|
|
product4 details
product5 details
product6 details
The following insurers provide Cancer Insurance cover in Hong Kong:
- FWD General
- Manulife,
- AIA
and for overseas, in the UK, there is:
- Freedom Elite
See below their brochures and further information for what they offer
FWD General: CANsurance Cancer Protection Plan
FWD offers two kinds of cancer cover, involving:
- A lump Sum payout - the Enhance Cancer Protection plan and
- Expense Reinmbursement - the Target Drugs Protection.
As their names suggest, one pays out a lump sum, regardless and the other reimburses actual expenses.
Key Features of Enance Cancer Protection
- Stand alone or rider: Stand alone
- Coverage: 100% all stages cancer including designated early-stage cancer and carcinoma-in-situ
- Period One year, renewable annually up to age 79, upon payment of a non guaranteed premium
- Premium Payment Period: Yearly renewable up to 79
- Issue age: 0 - 59
- Premium Structure: Yearly adjustable premium rate and non-guaranteed
- Policy Currency: HKD
- Protection Amounts: (Only 3 available)
- HKD200,000
- HKD500,000
- HKD1,000,000
- Maximum protection amount: HKd1,000,000
- Premium Payment Mode: Annually / Semi-annually / Quarterly / Monthly
- Special Conditions: No cover for anyone who has smoked at any time in the preceding 10 years
Policy Wording
Brochure and Application Form
Key Features of Target Drugs
- Stand alone or rider: Stand alone
- Coverage:
Reimbursement of actual medical costs of the listed 61 covered target drugs (See Appendix 1 for list) for target therapy treatment in HK within 730 days (2 years)
- Period: One year, renewable annually up to age 79, upon payment of a non guaranteed premium
- Premium Payment Period: Yearly renewable up to 79
- Issue age: 0 - 59
- Premium Structure: Yearly adjustable premium rate and non-guaranteed
- Policy Currency: HKD
- Protection Amounts: (Only 3 available)
- HKD200,000
- HKD500,000
- HKD1,000,000
- Maximum protection amount: HKd1,000,000
- Premium Payment Mode: Annually / Semi-annually / Quarterly / Monthly
- Special Conditions:
- Reimbursement Period begins from the date of first confirmed cancer. Once the Reimbursement Period begins, next renewal year’s premium payment will be waived.
- Only available to HK Residents
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Manulife: Cancer Guard Protection Benefit
This Benefit serves as a rider to a basic whole of life or term insurance plan and offers cancer protection to age 100 with a lump sum benefit.
Key Features
- Stand alone or rider: Rider
- Coverage: 100% all stages cancer including designated early-stage cancer and carcinoma-in-situ, TWICE and early stage malignancy or early thyroid cancer, ONCE.
('Carcinoma in situ', is a condition where potential cancer cells haven't spread to nearby tissue. At some point, these cells may become cancerous and spread into nearby normal tissue).
- Coverage Period One year, renewable annually up to age 100, upon payment of a non guaranteed premium
- Premium Payment Period: Up to age 100
- Issue age: 18-65
- Premium Structure: Yearly adjustable premium rate and non-guaranteed (see note 7)
- Policy Currency: According to the underlying basic cover, HKD or USD
- Minimum Protection Amount: HK$100,000 / US$12,500
- Maximum protection amount: HK$8,000,000 / US$1,000,000
- Premium Payment Mode: Annually / Semi-annually / Quarterly / Monthly
- Free Wellness Check-ups: The plan provides one free medical check up each alternate year, to a maximum or 5 check ups in total.
Policy Wording
Product Brochure
List of Designated Hospitals in Mainland China
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
comparison details