MetLife 100 Times Refundable Critical Illness Protection Plan
We are pleased to invite you to enroll the MetLife 100 Times Refundable Critical Illness Protection Plan. Underwritten by Metropolitan Life Insurance Company of Hong Kong Limited, the Plan provides a comprehensive protection and extra peace of mind for you.
Critical Illness Benefit
Should the insured person be first confirmed diagnosed of a covered Critical Illness or undergo a covered surgery1 by a physician while the policy is in force, the Plan will provide a lump sum cash amount2,3. This lump sum amount is payable on top of any insurance that the insured person may have and provides immediate financial assistance to the insured person and his / her family.
Medical Expense Benefit4
Besides, medical expenses incurred while the policy is inforce will be reimbursed up to a maximum of 15% of the Critical Illness Benefit which the Plan has paid for a first confirmed diagnosed critical illness or after completion of the covered surgery, covering any cost of treatment incurred for both Western physician and Chinese herbalist.
In addition to the 100% refund of all premium paid, an HK$5,000 will be payable if the insured person dies if the policy is still in force and no Critical Illness Benefit is paid or payable.
Refund of Premium
This plan is a 10-year-term policy and will refund 100 times of the monthly premium you paid at the end of the policy term if no Critical Illness Benefit or Life Benefit is paid. If you terminate the policy on or after the 2nd Policy Anniversary Date, the amount of premium refund is calculated as follows:
Refund of premium calculated as the % of total premiums paid
Before the end of the 2nd Policy Year
Upon or after the end of the 2nd Policy Year
Upon or after the end of the 3rd Policy Year
Upon or after the end of the 4th Policy Year
Upon or after the end of the 5th Policy Year
Upon or after the end of the 6th Policy Year
Upon or after the end of the 7th Policy Year
Upon or after the end of the 8th Policy Year
Upon or after the end of the 9th Policy Year
At the end of the 10th Policy Year
83.3% (100 times of the monthly premium paid)
Your Spouse can enroll together and enjoy the comprehensive protection.
If the insured person has to undergo a covered surgery, Critical Illness Benefit is payable after the insured person actually undergoes the surgery.
There is an elimination period and a survival period for Critical Illness Benefit. Elimination period: any signs or symptoms of the covered critical illness or covered surgery, must occur more than 90 days after the coverage comes into effect (the effective date) or 90 days after the date of last reinstatement. Survival period: the life insured must survive at least 30 days after the first confirmed diagnosis of covered critical illness, or after undergoing the covered surgery.
This plan offers 4 different benefit levels and the coverage amount refers to the enrolled benefit levels.
The policy will terminate upon full payment of Medical Expense Benefit.
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The above information is for reference only. Please refer to the Policy Provision of MetLife 100 Times Refundable Critical Illness Protection Plan (“the Plan”) for details.
All insurance policies contain exclusions. Please refer to the Policy Provision of the Plan for details.
Metropolitan Life Insurance Company of Hong Kong Limited is the insurance underwriter of the Plan and is solely responsible for all content, approval, coverage and benefit payment. Metropolitan Life Insurance Company of Hong Kong Limited is a wholly-owned subsidiary of MetLife, Inc. in Hong Kong and operates under the “MetLife” brand.
In case of any discrepancy between the English and Chinese versions, the English version shall always prevail.