HONG KONG SAR:
With the increasing popularity of overseas study, AXA Hong Kong ("AXA") and HSBC launch a new insurance plan "Overseas StudySurance" to provide extensive care for students getting education abroad. With annual premium as low as HKD4,000, students can enjoy the comprehensive protection away from home with the following premium features:
Medical expense coverage up to HKD2,500,000
Personal accident protection up to HKD1,200,000
Emergency family reunion benefit up to HKD100,000 for 2 parents or legal guardians
Education fund up to HKD300,000
From now until 31 October 2021, customers purchasing "Overseas StudySurance" via HSBC website or HSBC branch will be entitled to a 10% premium discount in perpetual, applicable to policy inception and renewal afterwards; and HKD200 YATA gift certificate for each policy. Students who are Hong Kong residents and aged between 10 and 40 can be covered.
Kenneth Lai, P&C Distribution Director, AXA Hong Kong and Macau, said, "Education is the key to success. Many parents would provide their children with the best education by letting them study abroad. However, the best protection is also essential to ensure a holistic support and care during their overseas study journeys. As the largest general insurer in Hong Kong, we are delighted to partner with HSBC to offer the comprehensive student protection 'Overseas StudySurance' – a plan with market-leading medical expenses and personal accident coverage, to provide peace of mind for students and their parents when they pursue their overseas studies."
Daisy Tsang, Chief Distribution and Customer Officer, Hong Kong, HSBC Life, said, "The global outbreak of the COVID-19 pandemic has raised parents' awareness of the importance of comprehensive protection against unexpected situations for their children who are studying abroad. HSBC is pleased to collaborate with AXA to launch an affordable insurance plan to offer peace of mind to parents who are geographically distant from their children studying in overseas institutions. The insured students will enjoy multi-dimensional coverage for their medical wellness, personal belongings, as well as leisure travels or internships during the study trip, enabling them to focus on making the most of their overseas learning experience."