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Prudential rolls out additional free COVID-19 extra benefits, extending diagnosis and death coverage to life assured’s family members

Fight against the virus together with the “We Do” spirit

(5 March, 2020, Hong Kong) Following the launch of the first-in-market free COVID-19 Hospital Cash Benefit (HK$ 600 per day) and an array of measures earlier this year, in response to the continued development of the Novel Coronavirus (COVID-19), Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited (“Prudential”) today announced that it will provide additional free COVID-19 Extra Benefit.

All customers[1] who successfully apply for any Prudential individual life insurance policy or selected individual / group medical insurance policy (“designated policies”) from today until 30 April 2020 will automatically be entitled to this free COVID-19 extra benefit on or before 31 December 2020 (“coverage period”). The benefit covers both the life assured individuals and their family members with same residential address, through providing a Diagnosis Benefit of HK$15,000. The above eligible customers of any Prudential individual life insurance policy and their family members with same residential address will also be provided a Death Benefit of HK$200,000 within the coverage period.

These Diagnosis Benefit and Death Benefit aim to ensure that the life assured and their family members (“Covered Persons”) to receive prompt support:

Additional free Diagnosis Benefit and Death Benefit for COVID-19

Covered Persons

Life assured and life assured’s spouse, children, parents, siblings and parents-in-law with the same residential address[2]

Diagnosis Benefit

If any of the covered persons is diagnosed of COVID-19 within the coverage period, Prudential will pay HK$15,000 for each of the covered persons, up to a maximum of two covered persons

Death Benefit

If the death of the covered persons is caused directly by COVID-19 within the coverage period, Prudential will pay HK$200,000 for each of the covered persons, up to a maximum of two covered persons.
(Only applicable to Prudential individual life insurance policy)

First-in-market free COVID-19 Hospital Cash Benefit launched by Prudential in January 2020

Covered Persons

All insured persons who own any in force Life Insurance Plans or Personal Hospitalisation Insurance or Group Medical Insurance plans (Including plans taken up before or during the Coverage Period).

Hospital Cash Benefits

If hospitalisation is required after diagnosis of the COVID-19 between 23 January and 30 April 2020 (“date of diagnosis”), all eligible insured persons will automatically receive the free additional Hospital Cash Benefits of HK$ 600 per day up to 45 days during hospitalization without any waiting period

 

“Prudential is committed to fulfilling the protection needs of Hong Kong families, and helping them cope with health challenges. Since the outbreak of COVID-19, we have been closely monitoring its development, while responding to market needs by introducing additional protection and measures to battle against the virus together with the people in Hong Kong,” said Derek Yung, Chief Executive Officer of Prudential. “During this unusual period, we understand that customers are most concerned about their family members’ well-being. Therefore, we are launching the COVID-19 Extra Benefit to extend protection to both the life assured and their beloved family members, further delivering on our promise of ‘We Do Health for You and Your Loved Ones’”.

Designated policies include any individual life insurance policies issued by Prudential Hong Kong Limited, and the following medical insurance policies issued by Prudential General Insurance Hong Kong Limited, namely PRUChoice Medical, PRUChoice MediExtra, and Group Medical Insurance.

Note: The Free COVID-19 Extra Benefit is provided by Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited. For further details and the terms and conditions of this Benefit, please visit Prudential official website www.prudential.com.hk.

[1] Customers who take out any eligible policies within the promotion period between 5 March and 30 April and the relevant policy must be issued on or before 30 Jun 2020.

 

[2] Each covered person can only claim the Diagnosis Benefit and Death Benefit once, regardless of the number of policies held within the same family.

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About Prudential

Prudential has been serving the people of Hong Kong since 1964. Through Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited, we provide a range of financial planning services and products including individual life insurance, investment-linked insurance, retirement solutions, health and medical protection, general insurance and employee benefits.

Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York.

Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

>Please visit www.prudential.com.hk for more information.