WeCare Term Life Protection Plan 2

Great value protection with guaranteed policy renewal

Get cover of HK$1 million sum assured for as low as HK$1 a day^

When Less is more!

Whether you are looking for a standard plan with basic protection, or a plan to supplement your existing insurance coverage, WeCare Term Life Protection Plan 2 ( “WeCare TL2”) provides you and your family with an all-round protection at an affordable premium, safeguarding your family for you.

Value for money, great coverage

The Plan is simple and easy to understand. With the amount of premium paid, it offers the maximum benefits that you are entitled to, up to HK$5.5 million insured.

Guaranteed policy renewal

A hassle-free experience with automatic renewal guaranteed¹ upon the expiry of the policy term, no additional health proof is required, giving you a total peace of mind.

All settled in as fast as 5 minutes

The application process can be completed in as fast as 5 minutes. Just answer three simple questions about your health and you could get approval instantly.

Why do you need “WeCare Term Life Protection Plan 2”?

Taylor(25)
Taylor(25)

A newbie to life insurance

Career starters may find it financially challenging to start taking care of the family. You need an affordable life insurance plan which gives adequate protection to your family. How can “WeCare TL2” help you?

 

Taylor, 25 years old, becomes a freelancer after graduation. She is a part-time webpage and program designer, as well as a travel influencer. Taylor plans to work for five years as a freelancer before looking for a full-time job. She needs a basic life insurance plan at a low premium to provide adequate protection for her parents.

 

Let’s assume that she is free from any debt and gives her parents HK$8,000 per month. To cover a 5-year protection period, she needs a plan with a protection amount of around HK$500,000. She, therefore, decides to purchase “WeCare TL2” with a protection amount of HK$500,000 over a 5-year coverage period with a monthly premium of HK$15.

Simon(32)
Simon(32)

Insufficient coverage by the company policy

Whether or not you are covered by your company’s group life insurance plan, a basic protection for yourself is a must as your company’s plan may not cover your needs well. A basic protection gives you confidence facing changes in career and life. How can “WeCare TL2” help you?

 

Simon is married and has his own flat at the age of 32. He has a stable income sufficient to cover his living expenses. Although he is covered by the group life insurance plan of his company, the protection amount is far below the amount of his mortgage loan. He hopes to get a life insurance plan at an affordable premium to cover all his family expenses. Let’s assume that the amount of his mortgage loan is HK$3 million and the monthly support for his parents and wife is around HK$10,000. To cover a mortgage repayment period of 20 years, the protection amount required would be around HK$5.5 million. Therefore, he decides to purchase “WeCare TL2” with a protection amount of HK$5.5 million over a 20-year coverage period at a monthly premium of HK$504.15.

Tony(35)
Tony(35)

Enhanced coverage for existing plan as life changes

You may already have a life protection plan sufficient to cover your family expenses when needed. As you embark on new stages of life such as getting married, buying a house, expecting a child, or starting a new business, you need to extend your plan’s coverage accordingly. How can “WeCare TL2” help you?

 

Tony is the father of a newborn at the age of 35. He has a policy with a sum assured of HK$1 million, which is not sufficient to provide extra coverage to his son. As a breadwinner, Tony wants to enhance the existing coverage level with an affordable premium. Assuming that the monthly expenditure for raising his son is HK$15,000 per month for the next 15 years, the sum assured required would be approximately HK$3 million. Therefore, Tony makes a decision to purchase “WeCare TL2” with a protection amount of $3 million at a monthly premium of HK$282.49 with a term of 15 years.

Key Features and Benefits

Key Summary

Key Coverage / Options

Sum Assured (i.e. protection amount)

HK$250,000 – 5,500,000

Issue Age

18-55

Maximum Cover Age

85

Policy Benefit Term (i.e. protection period)

5 / 10 / 15 / 20 years

Premium Payment Term (i.e. payment term)

Same as the Policy Benefit Term chosen

What’s also include?

What’s not covered?

  • Premium remains unchanged during the payment period.
  • Guaranteed policy renewal without further health proof is required.
  • Suicide within 12 months from the policy issue date or reinstatement date will not be covered. The total premiums paid for the current protection period will be refunded.
Life is full of changes. You may want a more flexible policy to suit your needs.

Get to know other protection plans we offer now!

I want a basic protection!

WeCare Term Life Protection Plan 2

I want a flexible protection!

WeCare Term Life Protection Plan 1

Issue Age

18-55

18-65

Sum Assured Amount (i.e. protection amount)

HK$250,000 – 5,500,000

HK$250,000 - 8,000,000

Maximum Cover Age

85

85

Policy Benefit Term (i.e. protection period)

5 / 10 / 15 / 20 years

1-30 years, or to age 65

Premium Payment Term (i.e. payment term)

Monthly premium or yearly premium

Monthly premium or yearly premium

Plan change on Sum Assured, Policy Benefit Term and Premium Payment Term

Not applicable

You can make a maximum of two changes anytime within 12 months from the effective date of the policy/the previous anniversary date of the policy.

Refund of premium not yet used

Not applicable

Premiums can be partially refunded due to changes of the plan, termination of the policy or inability to pay the premium resulting in policy termination

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Frequently Asked Questions
Product features & Benefits
Policy Application & Payment

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.

“Blue x CMF’s 6th Annual Charity Golf Day Offer: Up to 90% off for First Year Premium on Selected WeCare Series Protection Plans Promotion”: (“Promotion 3”):