For Chubb, they are committed to providing you with the best insurance solutions while adapting to changing market conditions. they are pleased to share important updates regarding their Voluntary Health Insurance Scheme (VHIS) products and Universal Life policies.
VHIS Series Premium Adjustments
In Hong Kong, the cost of high-quality medical care continues to rise. To ensure Chubb can continue delivering exceptional coverage, Chubb has made the decision to adjust premiums for the following VHIS products. Rest assured, the benefit schedules and item limits remain unchanged:
| Product Name | Premium Adjustment Range | Effective Date |
|---|---|---|
| Chubb VHIS – Standard Plan | +12% | April 1, 2025 |
| Chubb VHIS – Flexi Plan | +12% | April 1, 2025 |
What This Means for You:
- New Policies: The adjusted premiums will apply to applications signed on or after April 1, 2025.
- Existing Policies: The new premiums will take effect from your policy anniversary on or immediately after April 1, 2025.
- For policies eligible for the VHIS Combo Discount Offer, the adjustment will apply to the premium before the discount.
For more details, refer to the updated communication materials available on Chubb’s platform by the end of February 2025.
Increase in Universal Life Crediting Interest Rate
Chubb are also excited to announce an increase in the Universal Life Crediting Interest Rate, effective April 1, 2025. This adjustment reflects the strong performance of their investments and ensures you continue to benefit from competitive returns.
| Product Name | Previous Rate | New Rate |
|---|---|---|
| Golden Touch Saver Plan & Golden Touch ULife Plan | 2.75% | 3.00% |
| Golden Touch Mega Saver Plan | 3.50% | 3.75% |
What This Means for You:
- The new rates will be reflected in your Inforce Illustration starting April 1, 2025.
- Policyholders will receive updated Financial Statements with the new rates.
