The following are the historical premium increase rates of medical insurance products that have in-force policies as of the reporting date*. Medical insurance product is product that reimburses the charges or expenses incurred for medical services, treatments, procedures, supplies, medications, or other medical cares provided to the insured.
The table below shows the premium increase rates in the last 5 years for all medical insurance products with in-force policies as of the reporting date*.
The historical premium increase rates may not be applicable (i.e. shown as “N/A”) because no relevant policy is in-force as of the end of that reporting year.
The deductible may not be applicable (i.e. shown as “N/A”) because it may not be a product feature of that product.
The highlight of benefit enhancement to the product may not be applicable (i.e. shown as “N/A”) because no relevant policy is in-force as of the end of that reporting year.
Please be reminded that the historical premium increase rates are not an indicator of future premium increase of the medical insurance products.
Product series | Deductible | Historical Premium Increase Rates as of the reporting date* | ||||
2019 | 2020 | 2021 | 2022 | 2023 | ||
Product series | Deductible | Historical Premium Increase Rates as of the reporting date* |
Additional Medical Coverage for Big 3 Diseases^ under EasyCover Critical Illness Plan | N/A | N/A | N/A | N/A | 0% | 0% |
Highlight of Benefit Enhancement to the product | N/A | N/A | N/A | No Change |
*The historical premium increase rates in the last 5 years shown in the above table is as of the reporting date 1-Jan-2024
^Only the premium increase rates of Additional Medical Coverage for Big 3 Diseases under the EasyCover Critical Illness Plan are shown as only this benefit is on reimbursement basis