1) Market-first¹ shared coverage for family members to receive tailored protection with flexible financing "SmartProtect Plus" offers an innovative shared coverage option which allows a family of up to 10 members across 3 generations to share one limit by all insured persons, with claims paid as they arise until the limit is reached. The maximum coverage for accidental death and permanent disablement ("ADPD") is up to HKD2 million[2].

Customers opted for shared coverage can enjoy a premium reduction compared with that of traditional individual coverage. For instance, customers with a family of four can enjoy a premium reduction as much as 32%. On the other hand, individual coverage is available to those who prefer personalised protection with standalone limit to each person insured. Customers apply online now can enjoy up to 25% premium discount[3]!

2) Covering all children by paying the premium for 1 child with extra care for the juniors and the seniors

AXA understands that big families with children face large financial burdens in their daily lives. Therefore, "SmartProtect Plus" provides an exclusive offer for families with more than one child. Under the unique shared coverage plan, once the policyholder pays the premium for one child, all children of the family under the same single policy will be covered for free. Children's age is extended to 23 years old for unmarried full-time students.

A double allowance for daily hospital cash and home nursing³ is also provided for both children as well as the elderly. A maximum of HKD40,000 reimbursement is available for the elderly who suffers a broken bone.

3) Lifetime protection from infant to elderly with 24/7 coverage worldwide

"SmartProtect Plus" allows first enrolment age as young as 6 months old and up to 80 years old. To guarantee a lifetime protection[4] for the insured, there is no age limit for policy renewal.

With the rise of global citizenship, "SmartProtect Plus" provides 24-hour global emergency assistance services and a global hospital admission deposit guarantee of up to HKD40,000 for the expenses incurred from accidents outside Hong Kong, as immediate relief to the financial constraints or tensions.

To alleviate the impact on the livelihood of the whole family if the breadwinner suffers from serious injury, "SmartProtect Plus" offers "Income or Payment Protection" as an extra yet vital coverage option for the policyholders to receive timely financial assistance if their main source of income is affected.

We also take a further step to enhance protection for sports and outdoor activities lovers. With an optional cover of "Sports Protection", customers can enhance the coverage for themselves, their sports equipment or sportswear.

Kenneth Lai, Chief General Insurance Officer, AXA Hong Kong and Macau, said, "We understand the importance for our customers to provide extensive care for their children and their aging parents as well as the financial burden that comes along. The market-first shared coverage feature in "SmartProtect Plus" can help ease the burden and mental stress in an unfortunate and unexpected event. As Hong Kong's largest general insurer, we hope to help our customers and their loved ones overcome challenges in life with essential and comprehensive protection for their safety and good health."

"SmartProtect Plus" also provides various benefits such as recovery aids, job-changing subsidy, abuse support, etc. For more information, please visit: https://www.axa.com.hk/en/smart-protect-plus

The above information is for reference only. For details on product features, content, terms and exclusions, please refer to the product brochure and policy provision.

References

1. ^{^} Media OutReach (www.media-outreach.com)