Well Protect Critical Illness Insurance Plan

Critical illnesses can affect the most carefully laid plans for families and careers. The financial and emotional costs associated with such serious situations can create unforeseen and even insurmountable obstacles. A Critical Illness Insurance policy can help you save for the rainy days. 


Well Link Life's Well Protect Critical Illness Insurance Plan ('the plan') is designed to provide reasonable critical illness coverage at affordable premium. Providing coverage for more than 100 Critical Illnesses and Early Stage Critical Illnesses, the plan also enables multiple Cancer claims to as much as an extra 400% of the sum insured.

Promotion
Customer can enjoy premium discount for successful application of Well Protect Critical Illness Insurance Plan during promotion period.
Protection against 107 illnesses through different stages to age 100

The plan covers 107 illnesses through different stages, including 45 Early Stage Illnesses and 62 Critical Illnesses, until the Life Insured reaches age 1001.


Upon diagnosis of any one of the Early Stage Critical Illnesses, Life Insured will receive Early Stage Critical Illness benefit with an amount equivalent to 20% of sum insured2. If the Life Insured is diagnosed with one of the covered Critical Illnesses, a benefit amount equivalent to 100% of sum insured plus Special Dividends, after deduction of any payment of the Early Stage Critical Illness Benefit and indebtedness will be payable. Life Insured will receive an extra 50% of sum insured if the diagnosis of the first Critical Illness is made before the first 10 Policy Anniversary. Life Insured will receive an extra 20% of sum insured if the first Cancer is diagnosed before age 18. The Basic Plan will remain in force after the Critical Illness Benefit is paid.

The plan covers 107 illnesses through different stages, including 45 Early Stage Illnesses and 62 Critical Illnesses, until the Life Insured reaches age 1001.


Upon diagnosis of any one of the Early Stage Critical Illnesses, Life Insured will receive Early Stage Critical Illness benefit with an amount equivalent to 20% of sum insured2. If the Life Insured is diagnosed with one of the covered Critical Illnesses, a benefit amount equivalent to 100% of sum insured plus Special Dividends, after deduction of any payment of the Early Stage Critical Illness Benefit and indebtedness will be payable. Life Insured will receive an extra 50% of sum insured if the diagnosis of the first Critical Illness is made before the first 10 Policy Anniversary. Life Insured will receive an extra 20% of sum insured if the first Cancer is diagnosed before age 18. The Basic Plan will remain in force after the Critical Illness Benefit is paid.

Maximum 2 claims for each of Percutaneous Coronary Intervention and Carcinoma-in-situ3 of Early Stage Critical Illness

The Early Stage Critical Illness benefit allows the Life Insured to claim for one time per covered early stage diseases; while maximum 2 claims are allowed for each of Carcinoma-in-situ and Percutaneous Coronary Intervention.

The Early Stage Critical Illness benefit allows the Life Insured to claim for one time per covered early stage diseases; while maximum 2 claims are allowed for each of Carcinoma-in-situ and Percutaneous Coronary Intervention.

Critical Illness Benefit includes additional 4 claims for Cancer4 up to a total of extra 400% of Sum Insured

After the Critical Illness Benefit is paid, the plan allows 4 additional claims for Cancer4 (including persistent Cancer, metastasis or recurrence of a previous Cancer and new Cancer), each claim with 100% of the Sum Insured payable. This Multiple Cancer Claims Benefit will cover the Life Insured up to age 85.

Note: The period between the dates of diagnosis of the Critical Illness (other than Cancer), or of the preceding Cancer and the subsequent new Cancer must be at least 1 year. For recurrence of Cancer, metastasis or continuation of relevant preceding Cancer, the period between the dates of diagnosis for the preceding Cancer and the current Cancer is at least 3 years.

After the Critical Illness Benefit is paid, the plan allows 4 additional claims for Cancer4 (including persistent Cancer, metastasis or recurrence of a previous Cancer and new Cancer), each claim with 100% of the Sum Insured payable. This Multiple Cancer Claims Benefit will cover the Life Insured up to age 85.

Basic plan future premium will be waived when claim amount reached 100% of sum insured

Once we have paid 100% of sum insured on Critical Illness or Early Stage Critical Illness, the balance of premiums payable under the basic plan shall be waived.

Once we have paid 100% of sum insured on Critical Illness or Early Stage Critical Illness, the balance of premiums payable under the basic plan shall be waived.

Long-term wealth accumulation

From the 2nd anniversary date after policy effective date, the plan provides you with a guaranteed cash value, which will build up gradually in the policy over the long term. As a participating insurance plan, the policy provides a non-guaranteed Special Dividend after the Basic Plan has been in force for 5 years as well. Special Dividend5 is determined by Well Link Life at our sole discretion from time to time. It does not accumulate and is not a permanent addition to other values or benefits under the policy.

From the 2nd anniversary date after policy effective date, the plan provides you with a guaranteed cash value, which will build up gradually in the policy over the long term. As a participating insurance plan, the policy provides a non-guaranteed Special Dividend after the Basic Plan has been in force for 5 years as well. Special Dividend5 is determined by Well Link Life at our sole discretion from time to time. It does not accumulate and is not a permanent addition to other values or benefits under the policy.

Simplified Insurability Option

You can apply to purchase a new critical illness insurance plan up to 50% of the sum insured of the policy when the Life Insured reaches age 186, which means greater support for the future.

You can apply to purchase a new critical illness insurance plan up to 50% of the sum insured of the policy when the Life Insured reaches age 186, which means greater support for the future.

Other benefits
  • Life protection up to age 100
  • Flexible premium payment terms
  • Supplementary benefits available for extra protection
  • Life protection up to age 100
  • Flexible premium payment terms
  • Supplementary benefits available for extra protection


Remarks:

1 The insured age for 'Loss of Independent Existence' and 'Total and Permanent Disability' is between ages of 18 and 64.

2 If the Life Insured is covered by more than one policy under Well Protect Critical Illness Insurance Plan, the total maximum amount of the Early Stage Critical Illness Benefit payable by the Company under all such policies shall equal to (a) HK$400,000 if the policy currency of each such policy is denominated in HKD in the relevant Policy Schedules; (b) US$50,000 if the policy currency of each such policy is denominated in USD in the relevant Policy Schedules; or (c) if the Life Insured is covered by policies denominated in a combination of HKD and USD, the highest of HK$400,000 or US$50,000 (adopting the higher of the stated amount in currency denomination as expressed in those relevant policies.

3 Carcinoma-in-situ must occur in two different organs. If an organ in the body has both a left and a right component (such as the lungs or breasts), the left side and right side of the organ shall be considered one and the same organ. Percutaneous Coronary Intervention treatment must be performed on a location of stenosis in coronary artery where no stenosis greater than 50% was identified in the medical examination relating to the first claim.

4 The Life Insured must survive at least 14 days from the date of Diagnosis.

5 Special Dividend is a one-off dividend and is payable on or after the 5th Policy Anniversary up on the first occurrence of any one of the following events:

(i). the death of the Life Insured;

(ii). surrender of this Policy by the Policyowner; or

(iii). the Company's payment of maturity benefit (if any); or

(iv). the Company's payment of first Critical Illness Benefit; or

(v). accumulated 100% of the Sum Insured has been paid

Special Dividend is not guaranteed as may be declared from time to time.

6 The request must be submitted in a written notice satisfactory to us, while completing a simplified health questionnaire as requested by the Company and meet all the specified conditions as well we administrative rules (including minimum Sum Insured limit) of the Company at the time of request. The new plan shall be a selected critical illness plan that is available at the time of the request. The premium of the new plan will be based on the sum insured and the premium rates then used by the Company for new business at the then attained Age of the Life Insured. The new plan shall be effective only if approved and endorsed by the Company.

Well Protect Critical Illness Insurance Plan

Product type:

Basic Plan

Premium payment term and issue age (on last birthday):

5 years - Age 0 to Age 60
10 years - Age 0 to Age 55
15 years - Age 0 to Age 50
20 years - Age 0 to Age 45

Premium payment mode:

Monthly/ Annual

Policy currency:

USD / HKD

Minimum sum insured:

US$15,000/ HK$120,000

Benefit term:

To age 100

Waiver of Premium Benefit:

Upon payment of 100% of Sum Insured for Early Stage Critical Illness and Critical Illness Benefit, the balance of premiums payable under this Policy shall be waived

Early-stage Critical Illness Benefit:

Early Stage Critical Illness Benefit shall equal to 20% of Sum Insured at time of Diagnosis; less any indebtedness.


Early Stage Critical Illness Benefit will only be paid once for each Early Stage Critical Illness, except for Carcinoma-in-situ and Percutaneous Coronary Intervention for which a maximum of 2 times for each will be paid3.

Critical Illness Benefit:

100% Sum Insured plus special dividend (if any) after deduction of all payment of the Early Stage Critical Illness Benefit and any indebtedness. If the Diagnosis of the first Critical Illness is made before the 10th Policy Anniversary, we will pay an extra 50% of the Sum Insured as part of the Critical Illness Benefit.


If the Diagnosis of the first Critical Illness is Cancer and the Life Insured is aged 18 or below at the time of Diagnosis, we will pay an extra 20% of the Sum Insured as part of the Critical Illness Benefit.

Multiple Cancer Claims Benefit4

4 additional Cancer claims of 100% of Sum Insured each time and subject to maximum claim limit of 400% of the Sum Insured. The benefit is payable if the following conditions are met:

The period between the dates of diagnosis of the Critical Illness (other than Cancer) or of the preceding Cancer and the subsequent, new Cancer must be at least 1 year;

For recurrence of Cancer, metastasis or continuation of relevant preceding Cancer, the period between the dates of diagnosis for the preceding Cancer and the current Cancer is at least 3 years.

Only applicable before Life Insured attained age of 85.

Death benefit:

Shall equal to:

  1. Sum insured at time of Life Insured's death; less
  2. Payment of Early Stage Critical Illness Benefit; plus
  3. Special Dividend, if any; less
  4. Any indebtedness

If the Life Insured dies before the 10th Policy Anniversary, an extra 50% of the Sum Insured will be paid.


No death benefit will be payable if 100% (or more, as the case maybe) of Sum Insured has been paid for Critical Illness Benefit and/ or Early Stage Critical Illness Benefit.

Surrender benefit:

Shall equal to:

  1. Guaranteed Cash Value at time of surrender; less
  2. Payment of Early Stage Critical Illness Benefit; plus
  3. Special Dividend, if any; less
  4. Any indebtedness


No surrender benefit will be payable if 100% (or more, as the case maybe) of Sum Insured has been paid for Critical Illness Benefit and/ or Early Stage Critical Illness Benefit.

Maturity benefit:

If the Life Insured is alive on the Maturity Date, a maturity benefit will be paid to the Policyowner.


Maturity Benefit shall equal to:

  1. Guaranteed Cash Value on the Maturity Date; less
  2. Payment of Early Stage Critical Illness Benefit; plus
  3. Special Dividend, if any; less
  4. Any indebtedness


No maturity benefit will be payable if 100% (or more, as the case maybe) of Sum Insured has been paid for Critical Illness Benefit and/ or Early Stage Critical Illness Benefit.

Simplified Insurability Option:

This option is only available for the Life Insured aged below 18 as at the Policy Date. While this Policy is in force and no claims has been made (under this Policy or other policies covering the Life Insured), the Life Insured may purchase a new critical illness insurance plan up to 50% of the Sum Insured of this Policy (but in any event shall not exceed a total maximum amount of HK$1,000,000 or US$125,000 if the Life Insured is covered by one or more Well Protect Critical Illness Insurance Plan(s)) within the period of one month before or one month after the Policy Anniversary following the Life Insured reaches Age 18.


Remarks:

1 The insured age for 'Loss of Independent Existence' and 'Total and Permanent Disability' is between ages of 18 and 64.

2 If the Life Insured is covered by more than one policy under Well Protect Critical Illness Insurance Plan, the total maximum amount of the Early Stage Critical Illness Benefit payable by the Company under all such policies shall equal to (a) HK$400,000 if the policy currency of each such policy is denominated in HKD in the relevant Policy Schedules; (b) US$50,000 if the policy currency of each such policy is denominated in USD in the relevant Policy Schedules; or (c) if the Life Insured is covered by policies denominated in a combination of HKD and USD, the highest of HK$400,000 or US$50,000 (adopting the higher of the stated amount in currency denomination as expressed in those relevant policies.

3 Carcinoma-in-situ must occur in two different organs. If an organ in the body has both a left and a right component (such as the lungs or breasts), the left side and right side of the organ shall be considered one and the same organ. Percutaneous Coronary Intervention treatment must be performed on a location of stenosis in coronary artery where no stenosis greater than 50% was identified in the medical examination relating to the first claim.

4 The Life Insured must survive at least 14 days from the date of Diagnosis.

5 Special Dividend is a one-off dividend and is payable on or after the 5th Policy Anniversary up on the first occurrence of any one of the following events:

(i). the death of the Life Insured;

(ii). surrender of this Policy by the Policyowner; or

(iii). the Company's payment of maturity benefit (if any); or

(iv). the Company's payment of first Critical Illness Benefit; or

(v). accumulated 100% of the Sum Insured has been paid

Special Dividend is not guaranteed as may be declared from time to time.

6 The request must be submitted in a written notice satisfactory to us, while completing a simplified health questionnaire as requested by the Company and meet all the specified conditions as well we administrative rules (including minimum Sum Insured limit) of the Company at the time of request. The new plan shall be a selected critical illness plan that is available at the time of the request. The premium of the new plan will be based on the sum insured and the premium rates then used by the Company for new business at the then attained Age of the Life Insured. The new plan shall be effective only if approved and endorsed by the Company.

Promotion
Customer can enjoy premium discount for successful application of Well Protect Critical Illness 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 Critical Illness Benefit or Early Stage Critical Illness will be payable under this Policy for any Critical Illness or Early Stage Critical Illness resulting from, or related to, or caused or contributed directly or indirectly, wholly or partly, by any of the following:

  • Any Pre-existing Condition;
  • 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, except HIV due to Blood Transfusion, Medically Acquired HIV or Occupationally Acquired HIV;
  • Participation in any armed force or peace keeping activities;
  • Any intentional self-inflicted act;

No Critical Illness Benefit or Early Stage Critical Illness Benefit will be payable under this Policy for any Critical Illness or Early Stage Critical Illness, if the symptoms or conditions of which or the Diagnosis of which first appeared or occurred within 60 days immediately following the Policy Issue Date or the date of endorsement or the effective date of last reinstatement, whichever is the latest. This shall not apply to any Critical Illness or Early Stage Critical Illness caused by an Accident.

The above is for reference only. For more details, please refer to the policy provisions of this product.


Nature of the product

This plan is a participating life product with a savings element. The costs of insurance and the related costs of the policy are included in the premium paid under this plan despite the product brochure/ leaflet and/ or the illustration documents of this plan having no schedule / section of fees and charges or no additional charge noted other than the premium.


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, smoking habit and occupation class, 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 past experience and prevailing trend of claim occurrence of that risk class, on every policy anniversary. We will not adjust the premium unless we notify you prior to the policy's anniversary.


Claims

Any claim must be made in the Company's prescribed claims form within 90 days of the Life Insured becoming aware that he/she is suffering from a Critical Illness or Early Stage Critical Illness. Written proof of the diagnosis supported by medical evidence and other relevant evidence must be received by the Company within six months after it receives the written notice of claim. You can call our Claims Hotline at +852 2830 7600 for the appropriate claim form.

 
Termination Conditions

This Policy becomes effective on the Policy Issue Date and will terminate upon the first occurrence of any one of the following events:

  1. The Death of the Life Insured
  2. Payment of the Critical Illness Benefits and/ or Early Stage Critical Illness Benefits reaches the maximum claim limit if the Life Insured is below age 85;
  3. Payment of the Critical Illness Benefits and/ or Early Stage Critical Illness Benefits reaches 100% of the Sum Insured if the Life Insured is age 85 or above;
  4. The Company approves the written request of the Policyowner for surrender;
  5. This Policy reaches the Maturity Date;
  6. This Policy lapses after the end of the Grace Period; or
  7. The Non-forfeiture Value (equals to the sum of the Guaranteed Cash Value less any Indebtedness) is equal to or less than zero.

While the Policy is in force, you may terminate this policy before the next premium due date by sending written request to the Company provided that such notice is duly received by the Company 14 days before the next premium due date.