CIGNA SENIOR SERENITY PLAN

Illustrative Example:

Nancy Ng, 62 years old and retired, very much enjoyed taking care of her grandchild by herself. However, having witnessed her son, Peter, almost lost his job during the financial tsunami, Nancy started to think about her own final arrangements. She would like to take care of the final health care and funeral expenses herself and leave no burden to her family.

Nancy then decided to use part of the pocket money Peter gave her to enroll in CIGNA's Senior Serenity Plan. With Sum Insured of HK$80,000, the insurance premium only cost her HK$6031 a month. By doing this, Nancy was assured that when the time was up, her family would have the emergency cash to settle necessary medical or funeral expenses without hassles.

5 years later, Nancy was severely injured in a traffic accident and finally passed away. According to the policy contract, a total of HK$160,000 including Death Benefit and Additional Accidental Death Benefit 2 was paid to Peter, the beneficiary of the policy. With that emergency cash, Peter spent around HK$60,000 to arrange the funeral in the simple yet decent way that Nancy had always wished. Peter then put the rest HK$100,000 aside as the education fund for his child, Nancy's favorite grandchild. Peter believed this would make Nancy rest in peace in heaven.

Summary:

Total Benefit Paid Out: HK$160,000
Including:
1) Death Benefit HK$80,000
2) Additional Accidental Death Benefit 2 HK$80,000

Remarks:
1.
Premium is calculated based on a female proposed person insured aged 62 with Sum Insured of HK$80,000.
2.
The amount of Additional Accidental Death Benefit equals to that of Sum Insured.
 
The characters in the illustrative example are not real.

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