YF Life Crowned Top 3 Finalists at The Hong Kong Insurance Awards 2022
“Most Innovative Product/Service Award – Life Insurance (Health)” and “Outstanding Initiative on Community Health Crisis Award”

October 26, 2022

YF Life Insurance International Ltd. (YF Life) is proud to announce it has taken home the title of Top 3 Finalists in the “Most Innovative Product/Service Award – Life Insurance (Health)” and “Outstanding Initiative on Community Health Crisis Award” at The Hong Kong Insurance Awards 2022.

Mr. Victor Yip, Chief Executive Officer at YF Life, said, “We are truly honored to have received two accolades in the highly competitive Hong Kong Insurnace Awards 2022. This recognition is an acknowledgement of the hard work and dedication YF Life has committed to in developing innovative products as well as overcoming challenges hand in hand with the community during the pandemic. We have always put our customers first and understand their ever-changing needs. Indeed, innovation is a part of YF Life’s DNA, we are committed to offering innovative and flexible insurance solutions to our customers. Looking forward, YF Life will continue to assist customers and the public to ‘Own the future’ by constantly developing comprehensive and diversified insurance solutions.”

Honored as Top 3 in the “Most Innovative Product/Service Award – Life Insurance (Health)”, "PrimeHealth Pro/PrimeHealth Jr. Care" provide comprehensive protections covering 148 critical illnesses, and offer up to 5 claim payments for cancer, heart attack, or stroke, each paying up to 100% of the basic sum insured. In addition, the plans offer cash benefits for critical illnesses to the insured upon diagnosis1, with no waiting period. In the case of cancer, regardless of it being a recurrence, metastasis, existing, or new cancer, customers may opt for the advance payout option, shortening the waiting period between the two diagnosis dates from 3 years to 1 year, with the benefit payable of up to 50% of the basic sum insured1. The plans also offer a “Sperm / Oocyte Cryopreservation Benefit”, a first for Hong Kong and Macau2, in order to help the insured extend family planning into the future1. In addition, expectant parents may opt to take out “PrimeHealth Jr. Care” from the 22nd week of gestation onward, providing protections for the soon-to-be-born child as well as the mother during pregnancy. Upon the birth of the baby, the child will seamlessly enjoy the full benefits of the policy.

As regards the Top 3 Finalists in the “Outstanding Initiative on Community Health Crisis Award”, the 360° “Fighting COVID with YOU” campaign covers 4 key themes, being “Protections”, “Education”, “Donation”, and “Leading by Example”. As a responsible corporate citizen, YF Life is constantly committed to safeguarding a healthy future for customers and the general public by donating Rapid Antigen Test (RAT) kits and face masks to various NGOs, as well as offering a variety of free protections, such as cash benefit upon diagnosis, free hospital income benefit, protection on adverse effects following immunization, and reimbursement of COVID-19 test fee, among others. Not only that, YF Life has also launched the “Good Life Rewards” lucky-draw program to encourage early vaccination in order to build a protective shield for individuals, their families, and the community. To showcase the Company’s commitment to “Own the future”, YF Life early this year launched the “Lessons Learnt from the Epidemic” campaign that draws on stories from YF Life consultants to encourage a proactive attitude toward helping each other during difficult times.

Organized by The Hong Kong Federation of Insurers with co-organizer South China Morning Post, The Hong Kong Insurance Awards 2022 honors outstanding achievements by insurance companies, teams, and individual practitioners for their top-notch performance. All winners are strictly vetted by a panel of judges with notable and respected figures from across the business, adacemic, and community sectors. The awards are highly recognized by the public.

YF Life Insurance International Limited is a member of publicly listed Yunfeng Financial Group Limited, whose major shareholders include Yunfeng Financial Holdings Limited3 and Massachusetts Mutual Life Insurance Company3, one of the “Five Largest US Mutual Life Insurance Companies”4. Leveraging its 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.

Notes:

1.  For details, please refer to the relevant policy documents.
2. Based on the similar types of plan in the Hong Kong and Macau market, as of the launch date of this product in November 2021.
3. Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company have an indirect shareholding in Yunfeng Financial Group Limited.
4.  The “Five Largest US Mutual Life Insurance Companies” is ranked according to the results of “Insurance: Life, Health (Mutual)” on total revenues for 2021, and based on the FORTUNE 500 as published on May 23, 2022.
Ms. Jasmine Hui, Head of Product Strategy & Pricing at YF Life, receives the accolade of Top 3 Finalists in “Most Innovative Product/Service Award – Life Insurance (Health)” at The Hong Kong Insurance Awards 2022.

Ms. Jasmine Hui, Head of Product Strategy & Pricing at YF Life, receives the accolade of Top 3 Finalists in “Most Innovative Product/Service Award – Life Insurance (Health)” at The Hong Kong Insurance Awards 2022.

Mr. Peter Yip, Vice President of Marketing at YF Life (left), and Ms. Shirley Yau, Assistant Vice President of Policy Owner Services at YF Life (right), receive the accolade of Top 3 Finalists in “Outstanding Initiative on Community Health Crisis Award” at The Hong Kong Insurance Awards 2022.

Mr. Peter Yip, Vice President of Marketing at YF Life (left), and Ms. Shirley Yau, Assistant Vice President of Policy Owner Services at YF Life (right), receive the accolade of Top 3 Finalists in “Outstanding Initiative on Community Health Crisis Award” at The Hong Kong Insurance Awards 2022.

The YF Life management team celebrate the win at the ceremony.

The YF Life management team celebrate the win at the ceremony.

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