Best Critical Illness Insurance in Hong Kong

Recommendations by licensed insurance experts.

alea

Get free critical illness insurance quotes

Full name
Email
Phone number
Last update: 25th July 2022

Best insurers for critical illness insurance

Seeking critical illness protection but not sure where to start?

Here are our picks of some top-quality insurance providers in Hong Kong*:

InsurerInsurance planPrice range
AXALOVEASSURE$$$
Chubb InsuranceEMBRACE CARE$$$
FWDCRISIS XDEFENDER SIGNATURE$$$
GeneraliLIONGUARDIAN BEYOND$$$
Sun LifeLOVEPROMISE$$$

*In alphabetical order. This list is compiled based on our research and doesn’t aim to be exhaustive.

It can be a mind-boggling attempt to get everything clear about critical illness insurance, especially if you are new to insurance. Alea has done the legwork for you to screen out some of the best plans by comparing the costs, coverage, customer experience, claim process and additional features.

With a critical illness plan in place, you will receive a lump sum benefit when you, unfortunately, get cancer, heart disease, stroke or other critical health conditions that fall into the insurer's definition. The amount can then be used to cover the insurmountable treatment costs and keep the household running, particularly if you are the breadwinner of the family.

Swiftly, let us move on to the real thing – our recommendations.

axa insurance

AXA

LOVEASSURE
Price: $$$

This international insurer offers extensive cover for dementia, cancer and other critical illnesses with great support and practical benefits.

Healthy Matters
Pros
  • Unique severe Dementia care and continuous annuity support
  • Advance continuous cancer payout
  • Extended ICU and complex surgery protection
Healthy Matters
Cons
  • Requires original signed forms
  • Extensive financial needs analysis required
chubb insurance

Chubb Insurance

EMBRACE CARE
Price: $$$

Chubb has earned excellent reputation with their competitive options and pricing for CI protection.

Healthy Matters
Pros
  • Competitve pricing
  • Revivial of protection after minor illness benefit
  • Growing guaranteed cash value
  • Premium waived up to 3 years upon spouse or child's Major Illness diagnosed or death
Healthy Matters
Cons
  • Requires original signed forms
  • Extensive financial needs analysis required
fwd insurance

FWD

CRISIS XDEFENDER SIGNATURE
Price: $$$

We recommend FWD for the extra protection and extended benefit they provide.

Healthy Matters
Pros
  • Coverage on undefined / unknown disease
  • Extra protection against benign tumor
  • Extended benefit for ICU confinement
Healthy Matters
Cons
  • Requires original signed forms
  • Extensive financial needs analysis required

Generali

LIONGUARDIAN BEYOND
Price: $$$

Generali's critical illness protection is highly regarded for its flexible, extensive cover. You can even take out a policy for your kid as early as before birth.

Healthy Matters
Pros
  • Unlimited Major Critical Illness Benefit
  • “Unlimited” unknown illnesses
  • Early protection as early as 22 weeks of pregnancy
Healthy Matters
Cons
  • Requires original signed forms
  • Extensive financial needs analysis required
sun life insurance

Sun Life

LOVEPROMISE
Price: $$$

This CI plan from Sun Life can be a good fit for those who are looking for extra protection for cancers.

Healthy Matters
Pros
  • Extra protection against cancer at prime age, designated cancers and cancer treatment
  • Enhanced protection for insured child if parent diagnosed with cancer
  • Complex surgical procedures safenet protection
Healthy Matters
Cons
  • Requires original signed forms

How do we select these insurers?

We have closely worked with our 25+ insurance partners for many years and we know their products inside out. As an independent insurance broker, we choose to work with insurers with an excellent track record and sell only products that we believe in, tried and tested. The above recommendations are made by our board of licensed insurance advisors based on criteria including the costs, coverage, customer experience, claim process and additional features of each insurer. In short, we are not paid to make these recommendations.

25+
Insurance partners
blue cross insuranceapril asia insuranceBupa insurancezurich insurance

The bottom line

Let’s be frank, there is no “best” insurer or “one-size-fits-all” insurance plan. Every product has its own strengths & weaknesses and it is important that you have them in mind before signing a policy, which certainly takes a lot of browsing, reading and comparing. But with Alea, rest assured that you will get peace of mind as we simplify everything for you.

We tailor each recommendation to suit your specific needs and budget and provide unbiased advice on a case-by-case basis so you can find the best fit for your situation. Even better, our advisory service comes free of charge – since we are remunerated via a commission on the insurance premium you pay directly to the insurance provider!

Get in touch with an advisor today for a detailed comparison of your insurance options!

Do I need critical illness insurance?

Your insurance needs always depend on your life planning. As you enter different stages of life, a critical illness insurance policy secures your family from future uncertainties by providing financial stability in case any serious health condition arises, especially if you are the breadwinner of the family. The reimbursed amount can be spent on covering the medical fees, repaying liabilities and sustaining your family's daily living, for instance.

The best time to get critical illness protection? When you are young and healthy, free from any pre-existing conditions that may be excluded by insurers.

Which critical illnesss insurance is best in Hong Kong?

Our picks of insurers for critical illness insurance are:

  • AXA
  • Chubb
  • FWD
  • Generali
  • Sun Life

How much is critical illness insurance in Hong Kong?

You will be required to fill in an underwriting questionnaire and sometimes undergo a body checkup (if your coverage exceeds a certain amount, i.e. US$500,000). Your premiums will be determined base on your:

  • age;
  • gender;
  • health;
  • smoking habits;
  • lifestyle;
  • family medical history;
  • coverage needed.

The best way to find out the cost of a life insurance policy is to get a free quote from your insurance broker. This will help you compare coverage and premiums to make the best choice.