New Health Insurance That Covers Pre-Existing Conditions from DirectAsia.Com Hong Kong
HONG KONG - Award-winning online insurer DirectAsia.com Hong Kong is expanding its business with the launch of a brand new health insurance product – the first of its kind here.
This new hospitalisation and surgical plan combines three innovative features. These include:
- Coverage of pre-existing conditions
- Pay as charged with no sub-limits
- A built-in no claims bonus.
DirectAsia.com will cover people with pre-existing conditions. Of course this comes with a caveat that customers first have to be covered with the online insurer for two years and during that time should be symptom-free. The new product is expected to open doors for many people who until now have not been able to get insurance for pre-existing conditions.
Chief Executive Officer of DirectAsia.com Hong Kong, Nicolas Faquet, explains:
"If you had an operation on a tumour or gallstone prior to taking out your health insurance with us then we'll cover you again if you do not have any symptoms for two continuous years after joining us. That way we're able to cover any pre-existing medical conditions."
He added: "We're really excited about the launch of this product as until now most people in Hong Kong have found it impossible to get insurance for pre-existing conditions."
DirectAsia.com says its Health Insurance plan, which covers hospital and surgical bills, will be one of the cheapest on the market as it is priced on a 'pay for what you need' basis. Mr Faquet added:
"Customers are able to choose their own level of hospital and accommodation, which ultimately means they're not subsidising those who choose to use more expensive hospitals as can be the case with many other insurers."
The new product also allows customers to choose their own annual limit without any of the usual sub-limits imposed by other insurers such as limitations based on disability or confinement. Also, those who have not made a claim will receive a discounted premium on renewal.
Alongside their new health insurance policy DirectAsia.com is offering a Top-up plan aimed at those who already have health insurance provided by their employer. In many cases this company-provided medical insurance is for the minimum amount with insufficient coverage. It also means that should a customer change employer or become unemployed they still have health cover.
The new product launch will compliment DirectAsia.com's other existing insurance products which include car, motorcycle and travel insurance.