Well Protect 108 Refundable Personal Accident Insurance Plan

Accident can happen anytime and anywhere. Unexpected accident may cause you injuries and hospital treatment. You may suffer loss of income if you are unable to work due to serious injuries. Well Link Life's Well Protect 108 Refundable Personal Accident Insurance Plan (the 'Plan') offers comprehensive accident protection and life protection. You only pay 8-year premium and enjoy 10-year coverage plus refund of 108% of total premiums paid at policy maturity.

Promotion
Customer can enjoy 20% First-year Premium discount in the first year for successful application of Well Protect 108 Refundable Personal Accident Insurance Plan during promotion period.
8-year premium payment for 10-year personal accident protection

You only pay 8-year premium and enjoy 10-year coverage. The Plan ease your financial worries when unfortunate accident occurs.

You only pay 8-year premium and enjoy 10-year coverage. The Plan ease your financial worries when unfortunate accident occurs.

Refund of Premium

You will receive a refund of premium equals to 108% of total equivalent annual premiums paid1 at policy maturity, regardless of any claims made on daily accidental hospital income during the coverage period. If you surrender the policy before maturity, you will receive a surrender value at the percentage of the total equivalent annual premiums paid1 according to the table in Benefit Schedule.

1. Total equivalent annual premiums paid means the accumulated premiums due and paid at the relevant date which is calculated as “annual premium” (i.e. premium payable for annual mode) divided by 12 then multiplied by the corresponding number of months that the premium has been paid. Levy or premiums of other benefit items (if any) will be excluded.

You will receive a refund of premium equals to 108% of total equivalent annual premiums paid1 at policy maturity, regardless of any claims made on daily accidental hospital income during the coverage period. If you surrender the policy before maturity, you will receive a surrender value at the percentage of the total equivalent annual premiums paid1 according to the table in Benefit Schedule.

Daily accidental hospital income

During the confinement at hospital due to injury caused by accident, you will receive daily hospital income (up to 90 days of hospital confinement per accident) to ease your financial burden.


Daily Accidental Hospital Income

Plan 1: HK$300

Plan 2: HK$600

Plan 3: HK$900

During the confinement at hospital due to injury caused by accident, you will receive daily hospital income (up to 90 days of hospital confinement per accident) to ease your financial burden.


Daily Accidental Hospital Income

Plan 1: HK$300

Plan 2: HK$600

Plan 3: HK$900

Accidental disability and dismemberment benefit

If the life insured unfortunately suffer from permanent disability or dismemberment as a result of an accident, a fixed amount of accidental disability and dismemberment benefit will be provided to you.


Accidental disability and dismemberment benefit

Plan 1: HK$300,000

Plan 2: HK$600,000

Plan 3: HK$900,000

If the life insured unfortunately suffer from permanent disability or dismemberment as a result of an accident, a fixed amount of accidental disability and dismemberment benefit will be provided to you.


Accidental disability and dismemberment benefit

Plan 1: HK$300,000

Plan 2: HK$600,000

Plan 3: HK$900,000

Accidental death benefit

If the life insured unfortunately passes away as a result of an accident while the policy is in force, an accidental death benefit will be provided to the beneficiary(ies).


Accidental death benefit

Plan 1: HK$300,000

Plan 2: HK$600,000

Plan 3: HK$900,000

If the life insured unfortunately passes away as a result of an accident while the policy is in force, an accidental death benefit will be provided to the beneficiary(ies).


Accidental death benefit

Plan 1: HK$300,000

Plan 2: HK$600,000

Plan 3: HK$900,000

Double indemnity for extra protection

If the life insured passed away or suffers from permanent disability or dismemberment as a result of the following incidents, the benefit payable will be doubled.

  • While the life insured is a fare paying passenger within any mechanically propelled non-aerial and non-marine public conveyance; or
  • While the life insured is a pedestrian injured in a traffic accident and/or struck by any motor driven / powered vehicle; or
  • While the life insured is in an elevator car (elevators in mines and on construction sites excluded) duly certified to carry passengers; or
  • As a direct result of the burning of the following public buildings only: theatre, public auditorium, hotel, school and hospital; or
  • As a result of flooding and/or landslide caused by natural disaster in Hong Kong; or
  • Both the life insured and spouse of the life insured die as a result of the same accident.

If the life insured passed away or suffers from permanent disability or dismemberment as a result of the following incidents, the benefit payable will be doubled.

  • While the life insured is a fare paying passenger within any mechanically propelled non-aerial and non-marine public conveyance; or
  • While the life insured is a pedestrian injured in a traffic accident and/or struck by any motor driven / powered vehicle; or
  • While the life insured is in an elevator car (elevators in mines and on construction sites excluded) duly certified to carry passengers; or
  • As a direct result of the burning of the following public buildings only: theatre, public auditorium, hotel, school and hospital; or
  • As a result of flooding and/or landslide caused by natural disaster in Hong Kong; or
  • Both the life insured and spouse of the life insured die as a result of the same accident.
Death benefit to protect your loved ones

If the life insured unfortunately passes away not due to accident while the policy is in force, a death benefit will be provided to the beneficiary(ies).

If the life insured unfortunately passes away not due to accident while the policy is in force, a death benefit will be provided to the beneficiary(ies).

Simple application process

The application is simple. You don't need to answer any health questions or perform any medical examination to complete the underwriting process.

The application is simple. You don't need to answer any health questions or perform any medical examination to complete the underwriting process.


Well Protect 108 Refundable Personal Accident Insurance Plan

Product Type:

Basic Plan

Issue Age:

Age 18 to age 60 (on last birthday)

Benefit Term:

10 years

Premium Payment Term:

8 years

Premium Payment Mode:

Annual / monthly

Policy Currency:

HKD

Benefit Schedule

Benefit items (1):

Benefit limit (in HKD)

Plan Level:

  1. Plan 1
  2. Plan 2
  3. Plan 3

Daily Accidental Hospital Income Benefit 2, 3, 4, 6:

Plan 1: $300 per day

Plan 2: $600 per day

Plan 3: $900 per day

Maximum 90 days per each accident, 10 accidents per policy year and 1,000 days per benefit term.

Accidental Disability and Dismemberment Benefit :

The Plan provides a fixed amount of accidental disability and dismemberment benefit if life insured suffers from below covered events as a result of an accident.

Covered events:

  1. Permanent loss of sight of both eyes;
  2. Loss of two limbs or permanent total Loss of use of two limbs; or
  3. (a) Permanent loss of sight of one eye; and (b) Loss of one limb or permanent total loss of use of one limb; or Total and permanent disability on or before the life insured's 65th birthday.


Plan 1: $300,000

Plan 2: $600,000

Plan 3: $900,000

Accidental Death Benefit:

While the policy is in force, if the life insured unfortunately passes away as a result of an accident within 180 days from the accident, a fixed amount of an accidental death benefit will be provided to the beneficiary(ies).  


Plan 1: $300,000

Plan 2: $600,000

Plan 3: $900,000

Double Indemnity:

If the life insured passed away or suffers from permanent disability or dismemberment as a result of the following incidents, the benefit payable will be doubled. 

  1. While the life insured is a fare paying passenger within any mechanically propelled non-aerial and non-marine public conveyance; or
  2. While the life insured is a pedestrian injured in a traffic accident and/or struck by any motor driven / powered vehicle; or
  3. While the life insured is in an elevator car (elevators in mines and on construction sites excluded) duly certified to carry passengers; or
  4. As a direct result of the burning of the following public buildings only: theatre, public auditorium, hotel, school and hospital; or
  5. As a result of flooding and/or landslide caused by natural disaster in Hong Kong; or
  6. Both the life insured and spouse of the life insured die as a result of the same accident.


Death Benefit:

Plan 1:  100% of the total equivalent annual premiums paid1 + $3,000

Plan 2: 100% of the total equivalent annual premiums paid1 + $6,000

Plan 3: 100% of the total equivalent annual premiums paid1 + $9,000

Surrender Benefit:

If you surrender the policy before maturity, you will receive a surrender value calculated as the following formula:

Total Equivalent Annual Premiums Paid 1 x Scheduled Premium Refund Percentage


The following table shows the premium refund percentage.

End of Policy Year - Premium Refund Percentage

1st policy year:0%

2nd policy year:15%

3rd policy year:30%

4th policy year:40%

5th policy year:50%

6th policy year:60%

7th policy year:70%

8th policy year:80%

9th policy year:90%

10th policy year:108%

Maturity Benefit:

Equals to 108% of the total equivalent annual premiums paid 1 on the maturity date.

1. Total equivalent annual premiums paid means the accumulated premiums due and paid at the relevant date which is calculated as “annual premium” (i.e. premium payable for annual mode) divided by 12 then multiplied by the corresponding number of months that the premium has been paid. Levy or premiums of other benefit items (if any) will be excluded.

2. Hospital confinement means the registration for admission and confinement of the life insured as an in-patient in a hospital upon recommendation of a physician for the treatment of an injury or sickness for a minimum of 6 hours and continuously stay in the hospital prior to discharge. If two or more confinements are due to the same accident, or to any complications arising from it, such confinements shall be regarded as one confinement. Hospital confinement must be medically necessary*. ​

*  Medically necessary means in respect of confinement, treatment, procedure, supplies or other medical services, such confinement, treatment, procedure, supplies or other medical services which are, in the Company's opinion:

i. required for, appropriate and consistent with the symptoms and findings or diagnosis and treatment of the disability;

ii. in accordance with generally accepted medical practice and not of an experimental or investigative nature;

iii. not for the convenience of the life insured, the policyowner, the physician or any other person; and

iv. not able to be omitted without adversely affecting the life insured's medical condition.

3. If the life insured is confined in a hospital in places other than Hong Kong, the Macau Special Administrative Region, Singapore, Malaysia, Thailand, Japan, Taiwan, South Korea, U.S.A., Canada, Western Europe (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Monaco, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom and Vatican City), Australia and New Zealand, any benefit payable for each day of accidental hospital confinement shall be reduced to 50% of the relevant benefits; and the maximum period for which the daily accidental hospital income benefit is payable per accident shall be reduced to 30 days.

4. For hospitals in PRC, hospitals not listed on the prevailing “List of Specified Hospitals in PRC” maintained by the Company at the time of admission do not fall within the definition of “Hospital”. Please refer to the Company's website at www.wli.com.hk for the “List of Specified Hospitals in PRC”.

Promotion
Customer can enjoy 20% First-year Premium discount in the first year for successful application of Well Protect 108 Refundable Personal Accident Insurance Plan during promotion period.

Note:

1. This plan is underwritten by Well Link Life Insurance Company Limited.

2. The above content contains general information for reference only. It is not part of the policy and does not contain the full policy's terms. Please refer to the policy documents for the full terms and conditions of this plan as well as the complete definitions of the capitalized terms. You should read this information alongside the brochure and other relevant materials which cover additional information about this product, including but not limited to benefit illustration (if any), other marketing materials, policy provision and other policy documents, which are available upon request. You may seek independent professional advice if necessary.

No accidental benefits shall be payable if the life insured's death or injury is caused directly or indirectly, wholly or partly, by any one or more of the following:


  1. any pre-existing condition;
  2. taking of drugs other than under the prescription or direction of a physician, abuse of alcohol or the taking of poison;
  3. any kind of sickness or disease, or bacterial or viral infection except bacteria infection resulting from an accidental cut or wound;
  4. disease of or infection with any Human Immunodeficiency Virus (HIV) and/or any HIV-related illness including Acquired Immune Deficiency Syndrome (AIDS) and/or mutations, derivation or variations thereof;
  5. nuclear fission, nuclear fusion, ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuels or nuclear weapons material;
  6. war or hostilities (whether war be declared or not), civil commotion rebellion, revolution, riot, strikes, terrorist or warlike activities;
  7. participation in any armed force or peace keeping activities;
  8. an act of any person acting on their own or on behalf of or in connection with any group or organization to influence by force, any group, corporation or government by terrorism, murder or attempted murder, kidnapping or attempted kidnapping, attack, assault or any other violent means;
  9. suicide or an intentional self-inflicted act while sane or insane;
  10. violation or attempted violation of the law or resistance to arrest or participation in any brawl or affray;
  11. cosmetic or plastic surgery, or any elective surgery or congenital anomalies, apart from reconstructive surgery required by Injury caused by an accident;
  12. childbirth, miscarriage, abortion, pregnancy and any complications thereof, notwithstanding that such event may have been accelerated or induced by Injury; or
  13. professional sports, racing of any kind, underwater activities involving the use of breathing apparatus, aerial flights (including bungee-jumping, hang-gliding, ballooning, parachuting and sky-diving) other than a crew member or as a fare-paying passenger on a licensed carrying commercial aircraft operating in a regular scheduled route or any hazardous activities or sports unless agreed by special endorsement.


Nature of the Product

This product is a non-participating policy and does not entitle the policyowner to participate in the profits or surplus of the Company. The product is aiming at customers who can pay the premium as long as they want the accident protection. As a result, customers are advised to save enough money to cover the premiums in the future.


Cooling-off Period

If you are not satisfied with the policy and have not made any claim under the policy, you have the right to cancel it and obtain a refund of any premium(s) paid by giving a written notice of cancellation to us within the cooling-off period. The cooling-off period is the period of 21 calendar days immediately following the day of the delivery of (1) the policy; or (2) the Cooling-off Notice, to you or your nominated representative, whichever is the earlier. The Cooling-off Notice will be sent to you or your nominated representative to notify you of the cooling-off period around the time the policy is delivered.


Premium Adjustment

Premiums are determined based on the risk class (including but not limited to age, sex, occupational classes and plan level, as the case may be) of the life insured. We reserve the right to review and adjust the premium rates for particular risk classes, based on the overall claims and policy persistency experience, on every policy anniversary. We will not adjust the premium unless we notify you prior to the policy's anniversary. For the avoidance of doubt, the Company shall not adjust the premium on an individual basis.


Termination Conditions

The Plan shall be automatically terminated on the earliest of the following events:

  • Death of the life insured;
  • Payment of accidental disability and dismemberment benefit;
  • The Company approves the written request of the policyowner for surrender;
  • This policy reaches the maturity date; or
  • This policy lapses after the end of the grace period.

 
Claims

For daily accidental hospital income benefit, written notice of a claim must be given to the Company within 30 days after the date of commencement of the relevant hospital confinement. Satisfactory proof in the Company's prescribed form together with satisfactory proof and all official receipts must be made and furnished to the Company within 90 days of the life insured from the date of discharge from the hospital. You can call our Claims Hotline at +852 2830 7600 for the appropriate claim form.

For accidental death benefit and accidental disability and dismemberment benefit, any request must be given to the Company in writing within 30 days after the date of the accident causing the relevant injury or death. Satisfactory proof and any supporting evidence must be given to the Company within 90 days after the date of such injury or death at the expenses of the policyowner or claimant unless proven that it was not reasonably possible to provide such notice or proof within the required time and that such notice or proof has been given as soon as reasonably possible.