Pioneers first ever whole life coverage

Everyone will grow old. It’s a fact that our physical health will deteriorate with age. Medical expenses for the elderly in Hong Kong are continuously on the increase. And, medical protection for elderly is deficient. To enjoy your old age with grace, you need to plan well ahead now to make sure you can pay for sudden medical expenses at ease in times of needs.

ICBC (Asia) and Zurich Life proudly present you that Whole Life Hospital Cash Insurance Plan (“the Plan”), which is the first ever hospital cash plan in Hong Kong that provides coverage for your whole life. Once enrolled, the insured can receive hospital cash in the event of hospital confinement no matter when and where. This unique provision ensures that you can enjoy absolutely worry-free recovery in hospital no matter how old you’ve grown and in any country of the world.

Pay at ease for lifelong coverage

The plan offers you lifelong hospital cash coverage for just 20 years of premium. To meet individual needs of personal financial arrangements, the plan also looks after people ages 56 to 60 (age next birthday) with a special payment term 10-year, at the end of which you can enjoy coverage for the whole life.

Comprehensive coverage gives you total peace of mind

The plan provides protection in the form of cash and guarantees you 100% protection¹. The plan offers a maximum of HKD2,000,000 cash benefit² as well as comprehensive coverage to let you enjoy life without worry.

If you require surgical operation at hospital as a result of injury or sickness, you can receive up to 10 to 50 times of the face amount of the policy to cover the mounting expenses at ease. (Please refer to the surgeries list for details)

1. Subject to exclusions, terms and conditions
2. The maximum benefit paid per policy is up to 1,000 times of the face amount of the policy

Double indemnity lets you recuperate without financial worry

You will receive up to HKD2,000 face amount³ of the hospital cash benefit daily if you need to recuperate in the hospital. If you require hospitalization for more than 30 days, you will receive double benefit from the 31st day onwards, making sure that you can receive hospital care to recuperate your health with complete peace of mind, up to 365 days per confinement.

3. Face amount must be rounded up to the dollar

Pre and post hospitalization outpatient benefit

In the event of sickness or injury resulting in outpatient visit 1 week prior to hospital confinement or 2 weeks after discharge, the plan will provide 0.25 times of the face amount as outpatient cash benefit per day⁴.

4. The outpatient cash benefit shall only be paid one time per day if there is a visit

Death & disability benefit providing you with sufficient financial support

In the unfortunate event of death or total & permanent disability of the insured, the designated family member can receive a lump sum benefit of up to 1,000 times of the face amount of the policy less the total hospital cash benefit, pre-hospitalisation & post-hospitalisation outpatient benefit and surgical benefit claimed to gain sufficient financial support.

Unique survival benefit gives you extra cash at your golden age

Upon the age of 80, you will have the options of receiving a benefit equals to 1,000 times of the face amount of the policy less the total hospital cash benefit, pre-hospitalisation & post-hospitalisation outpatient benefit and surgical benefit claimed, which gives you extra financial liquidity at your golden age; or you can choose to carry on the protection by continuing the policy till whole of life.

Worldwide coverage protects you no matter where you are

The plan also provides protection for hospital confinement outside Hong Kong (30 days maximum), giving you enhanced peace of mind no matter where you are.

Flexible payment at your convenience

You may choose US Dollars or Hong Kong Dollars as plan currency. Your premium can be paid monthly, semi-annually or annually to fit your financial arrangement. Premium is as low as HKD250 per month.

Flexible to adjust premium and face amount

You can reduce your premium and face amount before the payment due date, thus facilitating your own financial arrangement.

Prepay future premium to enjoy special discount

You can prepay future premium and enjoy special discount offer, allowing you to manage your finance in the most flexible way.

Easy reinstatement gives you an hassle-free advantage

In case you forget to pay the premium, you can reinstate the policy within 3 months from the due date of the first unpaid premium. No evidence of continued good health or insurability is required.

Supplementary benefits to meet your comprehensive protection needs

You may choose to add Waiver of Premium / Payor Benefit Rider to the policy. In case of unfortunate happenings such as in the event of total disablement or death of the Policy Owner, the Plan provides full financial protection of premium waiver. So you can be rest assured of your policy’s continuation to carry on the protection.

Details of Whole Life Hospital Cash

5. Both Life Insured and Policy Owner must be a HKID card holder.

6. Minimum insured age starts from 12 months of birth.

Important notes:

• This page is only a summary of the Plan and is not a contract of insurance. For more details, please refer to the product brochure and policy document of the Plan.
• Zurich Life Insurance Company Limited ("Zurich Life") is the insurance underwriter of the Plan and is solely responsible for all coverage and compensation.
• ICBC (Asia) is not responsible for any liability under policies underwritten by Zurich Life.

How to find out more

• Email us
• Phone our enquiry hotline on 2903 9368
• Visit any of our branches

The information contained in this webpage is designed to serve as an introduction only. For all relevant clauses and details, you should refer to the insurance contract.