Refundable Living Benefit

Refundable Living Benefit is a plan that offers comprehensive protection against major diseases combined with savings through a no-claim premium refund.

In the unfortunate event of being diagnosed as suffering from a major illness, the unplanned medical costs and other expenses can have a devastating impact on your cash flow. That's why we have designed Refundable Living Benefit - a dual benefit plan that provides an emergency fund to be used in meeting unexpected medical costs or other expenses, as well as a no claim premium refund payable upon end of policy term. This plan helps you save while protecting your family.

Highlights

• A plan that offers comprehensive protection against major diseases and savings through a no-claim premium refund
• Provides a lump sum payment to help relieve the financial burden of being diagnosed with any one of the 43 major diseases
• Suitable for individuals aged between 18 and 55
• For each 10-year policy term, if there is no claim history prior to renewal, you will receive 80% of the premiums paid during the term
• Compassionate death benefit equivalent to the total premium paid in the event of fatality during the policy term
• At the end of each policy term, the plan will be automatically renewed without evidence of insurability if the Insured is aged 65 or below
• A level premium throughout each policy term for better financial planning

The above information is intended to be a general summary for reference only and does not form part of the policy. You should refer to the Product Fact Sheet for further details. For exact terms, conditions and exclusions, please refer to the policy provisions. For further information, please contact your New York Life Hong Kong Insurance Consultant or call our Customer Service Center Hotline at (852) 2894 9833.