Sunday, July 7, 2019
Martin Hennecke

Axa launches critical illness plan
<p>Axa Hong Kong&#39;s latest market research showed that 62 percent of Hong Kong people say that suffering from critical illness is one of the top worries in life, while 44 percent say being unable to afford long-term care is one of their biggest worry.</p><p>In response to their worries, Axa launched &quot;CritiPartner Plus Critical Illness Plan&quot; which highlights no waiting period required for stage three or four cancer patients, where total cancer coverage can be up to 425 percent of the sum insured.</p><p>Meanwhile, Etienne Bouas-Laurent, the current chief executive of Axa Hong Kong, has been appointed group deputy chief financial officer and a member of Axa&#39;s management committee. Sally Wan, the current chief strategy officer of Axa Hong Kong, will succeed Etienne Bouas-Laurent as chief executive of Axa Hong Kong.</p><p>AIA Hong Kong said that for every four customers buying Qualifying Deferred Annuity Policy, there is one willing to acquire additional Voluntary Health Insurance Scheme products. In addition, about 69 percent of the VHIS buyers are aged 30 to 54, and 81.5 percent of the QDAP buyers are aged 30 to 54, said Bonnie Tse, general manager of business strategy and marketing of AIA Hong Kong and Macau.</p><p>Meanwhile, HSBC Life has launched the &quot;Eldercare Programme&quot; together with the Hong Kong Lutheran Social Service to provide cognitive health check services for dementia, powered by the &quot;Automatic Retinal Image Analysis&quot;, the first dementia risk screening system.</p><p>HSBC Life HK chief executive Edward Moncreiffe said it hopes to help raise awareness of early dementia screening and will launch products related to dementia soon.</p>

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