YF Life Launches “PrimeHealth Saver 500+” Dual Offers

Premium Discount for 2 Consecutive Years: Up to 20% on First-year Premium And Up to 100% Extra Coverage for 15 Years

January 6, 2021

“PrimeHealth Saver 500+”, a critical illness protection plan by YF Life Insurance International Limited (YF Life), has received overwhelming support from customers. Since its launch, the plan has been recognized with numerous industry awards. “PrimeHealth Saver 500+” covers over 100 critical illnesses and provides four additional claim payments for cancer, heart attack or stroke, with each claim up to 100% of the sum insured. It also offers a “Cash Benefit for Continuous Cancer” for up to 180 months, with no waiting period. The total benefits payable are up to 680% of the sum insured, offering customers the breadth and depth of critical illness protection.

From now until January 29, upon successful application for a US dollar “PrimeHealth Saver 500+” policy, dual offers can be enjoyed, including a first-year premium discount of up to 20% and a second-year premium discount of up to 10%, as well as up to 100% extra coverage for the first 15 years on major critical illness / death benefit. Upon the expiry of the extra coverage, customers may purchase a designated critical illness basic plan without having to provide evidence of insurability.

Furthermore, in light of the ongoing pandemic, upon successful application for a “PrimeHealth Saver 500+”, YF Life will offer all insureds diagnosed with COVID-19 a free hospital income benefit for up to 45 days, simplified claims services, express approval within 24 hours after claim submission, a free extra death benefit of HK$300,000, and so on.

Mr. Victor Yip, Chief Operating Officer and Chief Actuary of YF Life, says, “YF Life is dedicated to product innovation and delivering flexible insurance solutions to meet customers’ needs for health protection. With the launch of the ‘PrimeHeath Saver 500+’ dual offers, we aim to encourage customers to map out their future, as well as their family’s, and to welcome the start of a brand new year with confidence. We are committed to fulfilling YF Life’s promise to help customers ‘own the future’.”

“PrimeHealth Saver 500+” offers comprehensive protections covering over 100 major critical illnesses, early-stage diseases, carcinoma in-situ/early-stage cancers, and severe child diseases, including critical illnesses due to undetected congenital conditions. Common eye diseases, such as macular degeneration, early onset of cataract, and glaucoma surgical treatment are also covered. To tackle cancer, which is the top threat to health, customers may flexibly opt for the advance payout, no matter whether the cancer is a recurrence, metastasis, existing or new cancer, shortening the waiting period between the two diagnosis dates from three years to one year, with the benefit payable up to 50% of the sum insured. The plan also offers the “Care2Share” Extra Benefit with an extra coverage equivalent to 20% of the basic sum insured, and up to HK$1M if the insured’s child is first diagnosed with a major critical illness.

With its diverse and comprehensive coverage, “PrimeHealth Saver 500+” has received numerous industry awards, including “Most Popular Critical Illness Insurance Product” in the iMoney Insurance Excellence Awards, “Critical Illness - Outstanding Performance” in the Bloomberg Businessweek Financial Institution Awards, and “Outstanding Achiever - Critical Illness Product” in the BENCHMARK Wealth Management Awards.

YF Life Insurance International Limited is a member of publicly listed Yunfeng Financial Group Limited, whose major shareholders include Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company, one of the “Five Largest US Life Insurance Companies”. 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.

*Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company have an indirect shareholding in Yunfeng Financial Group Limited. The “Five Largest US Life Insurance Companies” is ranked according to the aggregate results of “Insurance: Life. Health (Mutual)” and “Insurance: Life, Health (Stock)” on total revenues for 2019, and based on the FORTUNE 500 as published on May 18, 2020.