1 st Comprehensive Cancer Plan for all
Hong Leong Bank (HLB) today officially launched its latest Bancassurance plan, the Hong Leong Cancer Protection Plan (HLCPP), anon-participating health protection insurance plan that provides continuous cover for cancer from the point of diagnosis in the Very Early Cancer stageright up to the Advanced Cancer stage.
The National Cancer Registry 2003 Report, published in 2007 and released by the Ministry of Health, indicated that one in every four Malaysians is expectedto be diagnosed with cancer in his/her lifetime. Cancer can strike both men and women at all ages and the risk increases with age. The Top 3 cancers amongfemales are Breast Cancer, Cervical Cancer, Colon Cancer, whereas for the male are Colon Cancer, Lung Cancer and Throat Cancer.
According to Ms Yvonne Chia, HLB's Group Managing Director, “ Given such alarming statistics on cancer, the goal for the product development team was todevelop a product which was unique yet relevant to the needs of the consumer. The common perception of cancer is that it will lead to death. But inreality, if cancer is detected early the survival rate can be as high as 80%. The truth is the expense for rehabilitation is high and for the long term. Itis already traumatic as it is to have to be told one has cancer and yet the trauma is compounded with the knowledge that it will be financially draining aswell. We, therefore, developed a plan which can help ease the financial burden.”
“After 3 months of comprehensive research and development, we now have one of the most comprehensive cancer insurance products in the market today.”
Hong Leong Cancer Protection Plan (HLCPP) is developed with the objective of easing the financial burden brought about by the required cure andrehabilitation of cancer patients, thus considerable peace of mind is achieved. It provides continuous cover for cancer from the point of diagnosis in theVery Early Cancer stage right up to the Advanced Cancer stage.
HLCPP offers 300% sum assured against cancer and 100% sum assured against death and permanent disability. Customers can choose the Sum assured amount ofRM25,000, RM50,000 and RM100,000 for each Gold or Platinum package. The Platinum package provides an additional feature of No Claim Benefit equivalent to100% Sum Assured payable on the policy expiry in the event that a claim has not been made before the policy expires.
With HLCPP, upon admission of a claim for cancer or total permanent disability, all future premiums will be waived. It allows more than a one time claim ifa different type of Very Early or Early Cancer occurs on a different organ. There is also an extension of 2 years coverage after expiry without premiumpayable to protect against deterioration or relapse to Advanced Cancer stage if there are claims made for Very Early and/or Early Cancer stages before thepolicy expired. All benefits paid are independent of customer's other medical and health insurance.
HLCPP is underwritten by Hong Leong Assurance Berhad (HLA), a licensed composite insurance company. HLA is a wholly-owned subsidiary of Hong LeongFinancial Group, the financial services arm of Hong Leong Group .HLCPP is exclusively distributed through Hong Leong Bank's extensivenetwork nationwide of 186 branches.
Press Release - 13/03/2008