Protection Products

Product code: C15

Approved in Official Letter No. 11468/BTC-QLBH dated 27/08/2012 from Ministry of Finance

Product Feature
  • Cathay Critical Illness 211 helps you live more happily with coverage on the most common 15 critical illnesses.
  • 15 critical illnesses include: 
    • Heart Attack
    • Coronary Artery Bypass Surgery
    • Stroke
    • Renal Failure
    • Cancer
    • Paralysis
    • Major Burns
    • Benign Brain Tumor
    • Aplastic Anaemia
    • Pliomyelitis
    • Major Head Trauma
  • In addtion, this product has many other attractive benefits.
  • This product is a non-participating product.
Insurance Benefit
  • Death /  Total and Permanent Disability (TPD) Benefit

If the Insured unfortunately dies or becomes totally and permanently disabled, the Beneficiary will receive 200% Sum Assured if the event happens during Premium Paying Period or 100% Sum Assured if the event happens after Premium Paying Period. Critical Illness Benefit and Pre-paid Death Benefit (if any) will be deducted before paying this benefit.

  • Critical Illness Benefit

If the Insured gets one of the fifteen listed critical illnesses, the Company will pay an amount equal to 100% Sum Assured so that the Insured can have medical treatment. The policy continues to be effective and future premiums will be waived (not including rider premium); however, paid premiums will not be returned.

  • Paying Period Maturity Benefit

On the first day after Premium Paying Period expires, 100% Sum Assured will be paid.

  • Long-life Benefit

When the Insured attains 99 years old, the Company will pay an amount equal to 100% Sum Assured. Prepaid Benefit (if already paid) will be deducted before paying this benefit.

  • Pre-paid Benefit

When the Insured is diagnosed to be in the Final Period, 50% of the most recent Death Benefit will be paid to the Beneficiary(ies) upon the request of the Policyowner.

  • Interest Feedback Benefit 

At the end of each policy year during the Premium Paying Period, Policyowner can request for Interest Feedback Benefit, which is an amount corresponding to the interest on the average Surrender Value at the excess interest rate, if any, of the 12-month average declared interest rate over the pricing interest rate of the policy.

  • Illustration of Benefits

Mr. Nguyễn Văn A, 30 years old, joins Cathay Critical Illness 211 with Sum Assured of 100 million VND. He chooses Premium Paying Period of 20 years. As a result, Mr. A is insured for 69 years with yearly premium rate of 6,100,000VND. Mr. A can receive benefits as followed: 

Critical Illness Benefit for 69 years

100,000,000 VND

Death / TPD Benefit during first 20 years

200,000,000 VND

Pre-paid Benefit during first 20 years

100,000,000 VND

Paying Period Maturity Benefit

100,000,000 VND

Death / TPD Benefit during from 21st years

100,000,000 VND

Pre-paid Benefit during from 21st years

50,000,000 VND

Long-life Benefit

100,000,000 VND

Interest Feedback Benefit(*)

677,000,000 VND

Note: Interest Feedback Benefit is calculated with declared interest rate assumption of 7% during the entire policy term.

Rules of Purchase
  • Policy Term: Until Insured is 99 years old
  • Premium Paying Period: 10, 20 years
  • Entry Age: 0 to 55 years old
  • Maximum Age at Premium Paying Period Expiration: 65 years old
  • Payment Mode: Annual, Semi-Annual, Quarterly, Monthly
Riders
Content of this page is only for product introduction. For more details, please refer to the Terms and Conditions of the policy.