YF Life Offers Free Hospital Income Benefit to 30,000 Hong Kong and Macau Residents for COVID-19

February 18, 2020   

With the spread of COVID-19, YF Life Insurance International Ltd. (YF Life) has announced to offer a free Hospital Income Benefit to 30,000 Hong Kong and Macau residents, with total sum insured of as much as HK$800 million. This community-centered initiative aims to lend positive energy to fight against the epidemic. 

Each successful registrant will be offered a free Hospital Income Benefit of up to HKD27,000. Upon diagnosis of the COVID-19 infection^, a free Hospital Income Benefit of HKD600 per day will be paid during hospitalization, for up to 45 days. Registration for the free YF Life Hospital Income Benefit will be open to the public from noon every day during the period from February 20 to 24, 2020 via the designated online platform. To register, simply complete the required information, with no charge incurred. A registration quota of 6,000 is available every day, on a first-come-first-served basis. The total quota of 30,000 is available to Hong Kong and Macau residents, with total sum insured up to HKD800 million. Meanwhile, the insured of any YF Life individual insurance policies are automatically entitled to the above-mentioned benefit, with no registration required, plus a range of express Hospital Benefit claims services. 

Ms. Jeanne Sau, Chief Marketing Officer of YF Life, said, "As a responsible corporate citizen, we are not only responding to the COVID-19 threat with strengthened protection for our customers by offering them free Hospital Income Benefit, but also extending this benefit to non-YF Life customers in both Hong Kong and Macau. Lending a hand to those in need is especially important during these challenging times, as we firmly believe in our brand commitment to ‘Own the future’.”

During the outbreak of COVID-19, YF Life gives priority to the handling of claims applications for confirmed cases and provides customers with the best and most efficient support for coping with the epidemic. A recent claim case has best demonstrated this commitment. From receiving the claim request and completing the approval, to delivering the claim cheque to the customer, the entire process was completed in just an hour, offering customers extra support and peace of mind.

YF Life Insurance International Limited is a member of publicly listed Yunfeng Financial Group Limited (HKSE: 376), whose major shareholders include Yunfeng Financial Holdings Limited and MassMutual International LLC.  Leveraging our robust financial background and solid reliability, YF Life is committed to helping customers “own the future” by providing professional and technology-enhanced one-stop risk- and wealth-management consulting services, as well as MPF services.

Remarks:
^ The benefit is applicable to cases of the COVID-19 infection diagnosed on or before June 30, 2020. Insurance coverage remains subject to the relevant terms and conditions.