Study finds more than third believe they don't have sufficient medical insuranceHSBC Life is launching its own Voluntary Health Insurance Scheme and a new life insurance protection plan in viewing a greater need from Hong Kong people for medical insurance given the recent pandemic outbreak. Thirty-eight percent of respondents believed that they don’t have sufficient medical insurance, which 41 percent of them intended to take out an insurance policy. In the life insurance sector, the company also launched its new HSBC Family Protector, which people can apply online with a life coverage of up to HK$7 million. The customer could also choose for 4 additional benefits, including children protection, critical illness and cancer protections, hospital cash benefits, and accidental death benefit. The company claimed that the daily premium could be as low as HK$10.93 and provided guaranteed fixed premiums for every 10-year period.

Source: The Standard July 20, 2020 10:37 UTC