News Release

Chubb Life Launches Cancer Protection Coverage with Lifetime Limits up to HK $4.5 Million
Jul 27, 2016

Hong Kong, July 27, 2016 – Chubb Life today announced the launch of VCare Cancer Protector, a new plan that offers Hong Kong residents affordable cover for cancer and related medical expenses.  With VCare Cancer Protector,  which covers multiple stages of cancer and allows multi-cancer claims, the limit per covered cancer is up to HK$1.5 million, while the lifetime limit is up to HK$4.5 million. Customers also receive a wide range of protection benefits for the treatment of cancer, including diagnostic cancer tests, hospitalisation and surgery, outpatient, reconstructive surgery, post-treatment monitoring, psychological counselling and home nursing, among other benefits. Customers can choose from two  plan options based on their personal needs and budget.

VCare Cancer Protector covers multiple stages of cancer including carcinoma-in-situ, cancer and complications of cancer. In addition, the plan offers rare marketplace features,  where upon the insured‘s first diagnosis of covered cancer and validation of the claim, premiums from the next due date will be waived for one year and a cash benefit will be provided.  

For the past 10 years, cancer has ranked first among the 10 major killers in Hong Kong, according to a 2015 Centre of Health Protection report.  While medical treatments for cancer have become more and more advanced, which increases the chance of survival, the cost is high.

Diana Kwan, Chief Partnership & Marketing Officer of Chubb Life in Hong Kong, said: “Cancer requires time-sensitive and high cost treatment, and there are always long waiting lists at the public hospitals.  Most of the medical insurance products in the market only provide partial reimbursement of hospitalisation expenses since there are commonly sub-limits for each benefit item. As the real partner to our customers throughout their journey in life, Chubb Life fully understands their concerns and needs. We are launching the new VCare Cancer Protector plan with the aim of providing coverage at an affordable cost to care for cancer patients, particularly those who want to receive comprehensive treatment by private doctors or in private hospitals.“

VCare Cancer Protector Product Highlights:

  • Reimbursement of lifetime cancer treatment costs up to a limit of HK$ 4.5 million
    • Two plan levels, with per covered cancer limit of up to HK$ 1.5 million and a lifetime limit of up to HK$ 4.5 million, are provided at an affordable premium rate
    • Multi-cancer claims are allowed without limit on the number of claims (subject to the per covered cancer limit and lifetime limit)
    • Available as a standalone basic plan or as a rider attached to Chubb Life’s other basic plans
  • Guaranteed renewal and protection till age 100
    • Regardless of the insured’s health conditions and claims history, yearly renewal is guaranteed till the insured reaches age 100, subject to the availability of the plan, applicable terms and conditions and the prevailing premium rates for the age of the insured at the time of renewal
  • Full cover of relevant medical expenses covering multiple stages of cancer
    • Full cover of relevant medical expenses throughout multiple stages of cancer including carcinoma-in-situ and cancer as well as the complications of cancer (subject to the per covered cancer limit and lifetime limit)
    • The plan reimburses expenses of covered cancer treatment including diagnostic tests, active treatment or palliative treatment, reconstructive surgery and post-treatment monitoring, both inpatient and outpatient (subject to the per covered cancer limit and lifetime limit)
  • Additional benefits
    • The plan provides coverage on a variety of other treatment-related costs,  both physically and mentally, for example, ancillary services, psychological counselling, home nursing, medical appliances, among other benefits
    • Upon the insured’s first diagnosis of covered cancer and validation of the claim, premium(s) from the next due date will be waived for one year
    • Cash benefit will be provided as a goodwill gesture

Product information, including the benefits, terms and conditions of VCare Cancer Protector, are included in the product brochure and policy document.

About Chubb Life in Hong Kong

Chubb Life is the global life insurance division of Chubb, the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline.  We service and pay our claims fairly and promptly.  The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Chubb Limited, the parent company of Chubb Group, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb's core operating insurance companies are rated AA for financial strength by Standard & Poor’s and A++ by A.M. Best. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

With both general and life insurance operations, Chubb has been present in Hong Kong for more than 90 years, via acquisitions by its predecessor companies. To meet the financial protection and security needs of its broad range of customers in Hong Kong, Chubb Life in Hong Kong (Chubb Life Insurance Company Ltd.) offers a comprehensive array of quality life and medical insurance products and services.

More information can be found at

Media Contact

Chubb Life Insurance Company Ltd.
Bonny Ching: +852 2837 7095;