WeShield “WeCare 109% Refundable Critical Illness Protector” Limited Offer

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Refundable critical illness insurance savings

WeCare 109% Refundable Critical Illness Protector

KEY BENEFITS CASE STUDIES WHAT’S COVERED FAQS

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Get Coverage for Critical Illness or to Grow Your Capital

We wish to stay healthy and never need to claim for any critical illness. Meanwhile, you may think that critical illness coverage is a waste of money if you have been paying the premiums for many years with no claims being made.

Blue offers a flexible critical illness insurance plan – WeCare 109% Refundable Critical Illness Protector – leaving you the critical illness protection, or the growth of wealth: In the event of being diagnosed with any of the covered critical illness, we will give you a critical illness benefit. If you do not make a critical illness claim throughout the benefit period, we will give you a 109% premium refund upon policy maturity.

The product information below does not contain the full terms of the policy and the full terms can be found in the policy document.

Key Benefits

109% Premium Refund

If no claim for covered critical illnesses has been made during the benefit period, the plan guarantees 109% refund of the total premiums paid upon policy maturity.

Coverage Against 38 Critical Illnesses

Receive a critical illness benefit equivalent to 100% of the sum assured¹ upon the diagnosis of any of the covered 38 common critical illnesses.

Extra Coverage Against 4 Special Illnesses

Receive a special illness benefit equivalent to 20% of the sum assured upon the diagnosis of any of the 4 covered special illnesses².

Unemployment Premium Deferment

If you become unemployed, you can apply for an extended grace period of up to 1 year to defer payment of the premium³.

109% Premium Refund

In the event of being diagnosed with any of the covered critical illness, you will receive 100% of the sum assured¹ as a lump sum cash amount through the critical illness benefit, helping you to ease the financial impact of medical costs.

On the other hand, if you are in good health without needing to claim for any covered critical illness, the plan guarantees 109% premium refund of the total premiums paid upon the death of the life assured or at the end of the 10ᵗʰ policy year.

Coverage Against 38 Critical Illnesses

Did you know? Cancer, heart attack and stroke are the 3 major critical illnesses that make up 90% of the claims for critical illness. Out of that number, cancer alone accounts for 70%-80% of the total claim amount⁴.

The plan offers coverage against 3 major critical illnesses and 35 common types of critical illnesses, so you can be better protected against unexpected health conditions. In the event of being diagnosed of a covered critical illness, you will receive 100% of the sum assured¹ as a lump sum cash amount.

Extra Coverage Against 4 Special Illnesses

Research states that patients who have received early diagnosis of carcinoma-in-situ and early stage malignancy of specific organs are more likely to be cured if they have received treatment in earlier stage, for example, the survival rate of early-stage breast cancer is 90% higher if treatment is received in an early stage⁵.

Therefore, the plan provides an additional 20% of the sum assured² as a lump sum cash amount for 4 covered special illnesses, including carcinoma-in-situ, early-stage malignancy of specific organs, benign tumour (with surgical excision) and other illnesses (with intensive care unit stay) , so that you can receive timely treatment without financial worries.

The claim for special illnesses will not affect the amount payable under critical illness benefit¹ and that of the premium refund at policy maturity under designated conditions.

Unemployment Premium Deferment

If you become unemployed after the policy has been issued for 1 year, you can apply for an extended grace period of up to 1 year to defer payment of the premium³. During the extended grace period, you can still enjoy the relevant critical illnesses protection.

Easy to Apply with No Medical Examination Required

Simply apply by answering 4 health questions online.

No medical report is required for the application.

The policy could be issued in as fast as a day after you’ve completed the application and paid the premium.

How it works

Policy Effective Date

Year 2

Year 6

Jacky Age 35 Non-smoker Jacky is married and has a son. He is the sole breadwinner of his family of three. He is worried about the high cost of buying critical illness insurance at his age and paying for the rising premium rates as he gets older. He wants to find an insurance plan that can provide financial protection for his family while including a premium refund. After browsing different options, Jacky decided to apply for a “WeCare 109% Refundable Critical Illness Protector” with a sum assured of HK$600,000 (5 years premium payment term with HK$2,559 per month).

Policy Effective Date

Year 3

Policy Maturity Date

Kelly Age 23 Non-smoker Kelly has just graduated from university and is now working in the advertising industry. Due to her long and unstable working hours, Kelly is concerned about her health and hopes to get herself a critical illness insurance plan.

However, Kelly is worried that she will be locked into a fixed policy for the next 10-20 years if she applies for a critical illness insurance plan now, placing a heavy financial burden on her as a young professional.

Kelly is looking for a plan that will provide her with critical illness protection without the limitations of a long-term commitment, so she can realise her savings goals at the same time. After browsing different options, Kelly bought “WeCare 109% Refundable Critical Illness Protector” with a sum assured of HK$300,000 (3 years premium payment term with HK$1,476 per month).

Product Summary Table¹

Basic Information

Policy Currency

Hong Kong Dollars

Issue Age²

18 – 65

Maximum Cover Age²

Policy Benefit Term

10 years

Premium Payment Term

3 or 5 years

Minimum Sum Assured (per policy)

HK$100,000

Maximum Sum Assured (per Life Assured)

HK$1,000,000

Premium Payment Frequency

Monthly or Annually

Premium

The premium will remain unchanged throughout the premium payment term.
Premium rate will depend on age, gender, smoking status, health conditions and premium payment term.
Apart from premium, no payment of fees and charges is required for the coverage.

Waiting Period³

60 calendar days

Benefits

Compassionate Death Benefit⁴

109% of total premiums paid⁵ less any indebtedness.
The Plan will be automatically terminated when this benefit is payable.

Critical Illness Benefit⁶

Higher of the following:
　　a. 100% of the latest sum assured or
　　b. 100% of total premiums paid⁵
　less
　　c. any paid or payable Special Illness Benefit if
　　　i. the critical illness is directly or indirectly, wholly or partly, caused by or arising from or contributed by the relevant special illness within 1 year from the date of the diagnosis of such special illness; or
　　　ii. the Special Illness Benefit was paid because of other illnesses (with intensive care unit stay) and the critical illness is diagnosed within 1 year from the date of the diagnosis of such other illness (with intensive care unit stay); and
　　d. any indebtedness.
The Plan will be automatically terminated when this benefit is payable.

Special Illness Benefit⁶

20% of the latest sum assured less any indebtedness.
This benefit can only be paid once in each Plan.

Premium Refund Benefit

If the Plan is terminated due to (i) policy maturity date, (ii) termination by policyholder or (iii) non-payment of premium, this benefit shall be payable in accordance with the following table as a percentage of total premiums paid⁵, the value of such percentage is determined by reference to the policy year in which the policy is terminated as follows. If the effective date of termination falls on the policy anniversary within the premium payment term, the percentage of total premiums paid⁵ shall correspond to the policy year prior to the policy anniversary referred to herein:

Policy years	Percentage of total premiums paid⁵
1st	0%
2nd	0%
3rd	20%
4th	30%
5th	40%
6th	50%
7th	60%
8th	70%
9th	80%
10th	95%
At policy maturity date	109%

Premium levy will not be refunded upon the payment of this benefit.

Unemployment Benefit

If you are made redundant or laid off during the premium payment term, you may apply for this benefit to extend the grace period up to one year.
This benefit is only available from the 2nd policy year and only can be exercised once in each Plan.

Covered critical illnesses and special illnesses

Covered critical illnesses⁷

Cancer

Cancer

Critical Illnesses related to Heart
Aorta Graft Surgery
Coronary Artery By-Pass Grafts
Heart Attack
Heart Valve Replacement or Repair
Other Serious Coronary Artery Disease
Primary Pulmonary Arterial Hypertension

Critical Illnesses related to Nervous System
Alzheimer’s Disease
Apallic Syndrome
Bacterial Meningitis
Benign Brain Tumour
Coma
Encephalitis
Major Head Trauma
Motor Neurone Disease
Multiple Sclerosis
Paralysis of Limbs
Parkinson’s Disease
Poliomyelitis
Stroke

Critical Illness related to Major Organs and Functions
Aplastic Anaemia
End-Stage Liver Disease
End-Stage Lung Diseases
Fulminant Viral Hepatitis
Kidney Failure
Major Organ Transplant
Systemic Lupus Erythematosus (SLE) with Lupus Nephritis
Systemic Scleroderma

Other Critical Illnesses
AIDS/HIV due to Blood Transfusion
Ebola
Occupationally Acquired HIV
Severe Rheumatoid Arthritis
Severe Ulcerative Coli

Disabilities
Blindness
Loss of Hearing
Loss of One Eye and One Limb
Loss of Speech
Major Burns

Covered special illnesses⁷

Benign tumour (with surgical excision)
Carcinoma-in-situ
Early stage malignancy of specific organs
Other illnesses (with intensive care unit stay)

For the full terms and benefits of the policy, full lists of exclusions, please refer to policy provisions.
Age means age of last birthday of the Life Assured.
No benefits will be payable if the signs and/or symptoms of any covered critical illnesses or special illnesses manifested within 60 calendar days from the policy issue date or the date of last reinstatement, whichever is later.
The Compassionate Death Benefit is not payable if the death results immediately from a covered critical illness and a Critical Illness Benefit is payable.
Total premiums paid means the total sum of premium already due and paid by the Policyholder under the Plan.
Critical Illness Benefit and Special Illness Benefit shall only cover the critical illnesses and specified illnesses listed in the appendix of the policy provisions, please refer to the policy provisions for details.
Please refer to the appendix of the policy provision for the definitions of the covered critical illnesses and special illnesses.

The product information does not contain the full terms of the policy and the full terms can be found in the policy document.

Product Comparison

Product	WeCare 109% Refundable Critical Illness Protector	WeCare Critical Illness Protection Plan 1
Covered Illnesses	38 critical illnesses and 4 special illnesses	3 major critical illnesses
Premium	Higher	Lower
Policy Benefit Term	10 years	5 years/10 years
Premium Payment Term	3 years/5 years	Same as the selected Policy Benefit Term
Benefit Item
Critical Illness Benefit	Y	Y
Children’s Critical Illness Benefit		Y
Special Illness Benefit	Y
Unemployment Benefit	Y
Premium Refund Benefit	Y
Compassionate Death Benefit	Y	Y

Download Product Summary Download Policy Provisions

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Blue promises to reply within 2 working days upon receipt of your claims.

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Fact Check

I don’t need critical illnesses protection if I already have medical insurance.

Medical Insurance Plan –Reimbursement Compensation

Critical Illness Insurance Plan – Lump-Sum Cash Compensation

The treatment of cancer or other critical illnesses is often a lengthy and costly process – from screening and diagnosis to treatment and post-recovery support. You may be unable to work for a long time, which may have negative impacts on your daily life.

In a recent study carried out with Hong Kong residents, the participants underestimated the medical expenses for treating critical illness by 61%⁶. Take colorectal cancer as an example, participants estimate that the median cost for private hospital treatment to be around HK$400,000 and the median cost of drugs to be around HK$100,000. In actuality, the total cost of private hospital care can be as high as HK$1,293,000.

While you can be reimbursed for medical expenses with medical insurance, this alone may not be sufficient to cover all your living expenses. It is therefore advisable for those with medical insurance to get a critical illness insurance plan, which can allow you to make flexible financial arrangements in the event of a serious illness.

I’m too young to consider critical illness protection.

In 2019, the Hong Kong Cancer Registry has recorded 35,082 new cancer cases in Hong Kong⁷. According to the report, there is also a trend towards an increasing number of annual cancer cases and a rising cancer rate among young people⁴.

Critical illnesses can occur at any age. Many Hongkongers tend to have busy work schedules and unhealthy lifestyle habits such as having irregular meal times and not getting enough physical activity. These factors may contribute towards an increased risk of developing critical illnesses at a young age.

A good time to apply for critical illnesses insurance plan is when you're young and healthy. The older you get, the more likely you will have adverse health conditions, which may lead to case based exclusion being applied, or your application being declined when applying for insurance.

When choosing a critical illnesses insurance plan, I should opt for the plan that covers as many critical illnesses as possible.

In Hong Kong, the top three critical illnesses – including cancer, heart disease and stroke – account for 90% of the total claims; while cancer alone accounts for 70% to 80% of the total claims⁴. The plan offers coverage against 3 major critical illnesses and 35 common types of critical illnesses, so you can be better protected against unexpected health conditions.

Paying for a critical illness insurance plan is a total waste of money since I may never use it.

Blue understands that you are concerned your critical illness contributions over the years may go down the drain if you don't ever make a claim. ”WeCare 109% Refundable Critical Illness Protector” is a flexible plan that provides you with a benefit in the unfortunate event that you suffer from a covered critical illness; or gives you a 109% premium refund at policy maturity if you have never claimed for a critical illness benefit successfully.

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FAQS

This FAQ is provided for reference only and does not constitute any part of the insurance contract. For full terms and conditions and exclusions, please refer to the policy document itself which shall prevail in case of inconsistency. In the event of any discrepancy between the English and Chinese versions, the English version shall prevail. Blue Insurance Limited reserves the right of final approval and decision on all matters.

Terms and Conditions of ‘#WeShield “WeCare 109% Refundable Critical Illness Protector” Limited Offer’:

1.‘#WeShield “WeCare 109% Refundable Critical Illness Protector” Limited Offer’ Promotion entitles applicants to 1 (one) HK$200 PARKNSHOP eVoucher (the “eVoucher”) upon successful application of “WeCare 109% Refundable Critical Illness Protector” (this “Promotion") between 20th January and 30 June 2022 (both dates inclusive) (“Promotional Period”).
2.This Promotion is offered by Blue Insurance Limited (the “Company”).

3.Eligibility (“Eligible Applicant”):
- i.Hong Kong ID card holder with a residential address in Hong Kong; and
- ii.Aged between 18 and 65; and
- iii.Received at least one dose of the Approved COVID-19 Vaccination
4.The “Approved COVID-19 Vaccination” shall mean the vaccination for the purpose of immunization against COVID-19 (not correlated to vaccines administered after the onset of infection), including the first dose, subsequent doses and booster doses, and must be approved by the United States Food and Drug Administration or health authorities of the government of the Hong Kong Special Administrative Region and prescribed by a Registered Medical Practitioner and administered by the same or a licensed or registered nurse of Hong Kong during the Promotional Period in Hong Kong.
5.“Registered Medical Practitioner” refers to a doctor acknowledged by the Medical Council of Hong Kong and authorised to practise in Hong Kong.
6.The eVoucher will be sent by email within 6 months after the cooling off period (21 calendar days) of “WeCare 109% Refundable Critical Illness Protector”. The policy under the Promotion must be in-force at the time when issuing the eVoucher.
7.The eVoucher cannot be transferred, sold or exchanged for cash or its equivalent. The Promotion could be invalid if any applicant violates this clause.
8.This Promotion is subject to a limited quota for the first 1,000 Eligible Applicants within the Promotional Period.。
9.Each Eligible Applicant can only enjoy this Promotion once.
10.This Promotion cannot be enjoyed in conjunction with any other promotional or discount offers for the same insurance product.
11.All policy provisions of “WeCare 109% Refundable Critical Illness Protector” remain unchanged. Please see the policy provisions for details.
12.“WeCare 109% Refundable Critical Illness Protector” is not a bank savings product.
13.The total premium includes insurance levy to be collected by the Insurance Authority.
14.This Promotion is only applicable to the policies issued in Hong Kong.
15.The Company reserves the right to amend the terms and conditions of this Promotion or discontinue this Promotion at any time without prior notice.
16.The above information is for general reference only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of the Company. Details of the Promotion of the Plan are subject to the policy provisions stipulated in the policy by the Company.
17.This Promotion is subject to these terms and conditions. The Company has the right to reject any applications. If there are any disputes, the Company's decision is final and conclusive.
18.Should there be any discrepancy between the English and Chinese versions, the English version shall prevail.

Get Coverage for Critical Illness or to Grow Your Capital