PREMIUM REFUNDABLE PLAN
Safeguard your children’s health and future needs
Children’s health is always the top concern for parents. In addition, financial preparation for children is another tough task. 55% parents start saving before their kids turn 11. Cigna Health4Kids Premium Refundable Plan (“Health4Kids”) is a brand new solution that offers your children with comprehensive healthcare protection and wealth accumulation with guaranteed returns.
health & wealth
Up to 118% cash value of your basic premium paid2 upon maturity
KIDS CRITICAL ILLNESS BENEFIT
Cover 16 children critical illnesses including cancer and coronary diseases
WELLNESS CHILD BENEFIT
Annual coverage on preventive care expenses, including vision and oral health, vaccinations and health check-up, to help you monitor your kids’ health and development
Up to HKD $1,500 daily hospital cash benefit during your children’s hospital confinement
PREMIUM WAIVER BENEFIT
If you purchase this plan before the age of 51 but unfortunately pass away due to a covered critical illness or an accident, or become totally disabled for 6 months consecutively, your children will continue to receive protection without having to pay future premiums until the policy matures.
3 plan levels with different values of benefits, facilitating flexible planning depending on your family’s needs.
RECOMMENDED ADDITIONAL BENEFIT
Covers visits to a general practitioner, specialist, Chinese medicine practitioner, and acupuncturist, as well as prescribed western medicine, and diagnostic imaging and laboratory tests etc.
Plan 1 : 15 days to Age 5
Plan 2 and 3 : 15 days to age 9
Plan 1 : Until age 15
Plan 2 and 3 : Until age 19
Basic Benefits Plan 1 : Annually until age 11
Basic Benefits Plan 2 and 3 : Annually until age 15
Optional Benefits : Payable every year, until the end of policy term
Maximum Cash Value upon maturity
Plan 1: Up to 113% of total premium paid on the Basic Benefits
Plan 2: Up to 115% of total premium paid on the Basic Benefits
Plan 3: Up to 118% of total premium paid on the Basic Benefits
Click here for detailed cash value table
Basic Benefits: Level and guaranteed premium
Optional Outpatient Benefit: Yearly Adjustable
Kids Critical Illness Benefit: 90 days
Hospital Cash: 30 days
Premium Waiver Benefit: 2 years
For detailed coverage amounts for each of the Benefits, please click here.
1. Source: The above information is extracted from Cigna’s Research of Children Health Development Concern and Saving by GfK Hong Kong, an independent market research company (data collected in December 2017)
2. Refers to total premium paid for Basic Benefits
3. Subsequent to the successful application of Basic Benefits, policyholder can also apply the Optional Benefits at least 30 days prior to the policy anniversary date within the policy term.
4. Optional Benefits shall be effective for an initial period of 12 months and shall be renewable annually. Cigna reserves the right to revise the terms of the Optional Benefits upon each policy anniversary date.
The following examples are hypothetical and for illustrative purpose only.
Person Insured: New born baby
Background: Joanna has just given birth to her new-born 2 months ago. She foresees the enormous expenditure required for her baby’s health development. On top of hospital insurance, she wants a medical plan that provides her child with comprehensive coverage, so she enrols on the Cigna Health4Kids Premium Refundable Plan.
Plan level: Cigna Health4Kids Premium Refundable Plan - Plan 3
Age 0: Plan purchased
HK$2,962 (15-year premium payment term)
Age 0-3 : Vaccination
HK$1,000 x 4 years
Age 4 : Vision test
Age 5 : Hospitalization x 3 days
HK$1,500 x 3 days
Age 6 : Nutrition Test
Age 7-14 : Oral polishing & examination
HK $800 x 8 years
Age 15 : Total Basic Premium paid
HK $533,160, no further premium payment is required.
Age 16-18 : Oral polishing & examination
HK$800 x 3 years
Age 19 : Policy matures with 118% premium paid