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FTLife launches “Protect Starter” Critical Illness Protector

HONG KONG, Aug 22, 2022 - (ACN Newswire via SEAPRWire.com) - FTLife Insurance Company Limited ("FTLife") is committed to helping its customers embrace the "Championing Spirit" in life. Today, it is announcing the launch of "Protect Starter" Critical Illness Protector ("Protect Starter"), which is aimed at young people and first-time insurance buyers. At an affordable price, "Protect Starter" covers 76 common critical illnesses including cancer, stroke and severe heart attack etc. and all the congenital conditions of the covered critical illnesses that have not been detected at or before the policy issue. It also protects the insured until 100 years of age. Jarita Kwan, Chief Product Officer at FTLife, said, "Young people may think that they are not susceptible to critical illnesses, and therefore delay getting critical illnesses protection. However, they should capture this window of opportunity to enjoy lower premium as a young insurance buyer, that will enable them to receive timely help in the unfortunate incident of being critically ill and burdened with mounting medical bills. On the other hand, young people and first-time insurance buyers can feel daunted by the great number ...

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Ways to protect your health coverage from life’s uncertainties

Life can be unpredictable, and unexpected circumstances can crop up at any time, without warning. What does it take to be future-ready? Are you adequately prepared for life’s uncertainties? Having a financial plan may not be enough – you also need the right resources to manage the unpredictable events, which could include critical illnesses, accidents, calamities and even retrenchments. Any of these events could result in financial instability or distress. Insurance can offer you financial protection and help moderate those risks. According to a recent Manulife survey1, nearly 40 per cent of respondents who have battled critical illness have used up all or most of their savings, while half suffered serious financial problems after being diagnosed with critical illness. One in four borrowed money or remortgaged to finance treatments, while 20 per cent admitted to facing trouble paying for basic necessities. Another 6 per cent ended up declaring bankruptcy as a result of their critical illness. So, when it comes to managing unplanned situations in life, are you suitably prepared? Manulife’s health and protection insurance plans – LifeReady Plus (II), Critical SelectCare and Ready Com...