Chubb Life Hong Kong 2023 Claims Report
Knowledge is power – especially when you’re preparing for a better future. The Chubb Life Hong Kong 2023 Claims Report is here to help you live your best life.
We’ve compiled recent health stats from prominent health organizations in Hong Kong, along with crucial data on last year’s insurance claims. Staying on top of this information will keep you well-informed and equipped for the future, enabling you to make the most advantageous choices for yourself and the next generation.
Let’s go over a few key insights from our most recent claims report.
In 2023, cancer represented the lion’s share of critical illness claims at Chubb Life Hong Kong – making up 66% of all claims in the category. Meanwhile, cardiac and blood vessel disease represented 17% of critical illness claims, followed by strokes (5% of critical illness claims).
Many of us think of critical illness as a problem affecting seniors – but the data illustrates something different. In fact, over 75% of critical illness claimants at Chubb Life Hong Kong in 2023 were 60 years old or younger.
When it comes to hospitalization, trends from 2022 continued, with digestive system diseases (such as colorectal cancer) making up 36% of the total claims amount paid out in 2023. Just like in 2022, this was followed by tumours and injuries and complications, which represented 16% and 7% of the total hospitalizations claims amount, respectively..
We’re proud to share that Chubb Life Hong Kong had a 97% claims approval rate in 2023, with an average claims approval time of just six days.
Want to equip yourself with valuable info? Stay in the know by reading our annual claims report, available here.
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Disclaimer - All contents of the article is intended for general information/guidance purposes only and not intended to be an offer or solicitation of insurance products or personal advice or a recommendation to any individual or business of any product or service. This article should not be relied on for legal advice or policy coverage and cannot be viewed as a substitute to obtaining proper legal or other professional advice, or for reading the policy documents. You should read the policy documents to determine whether any of the insurance product(s) discussed are right for you or your business, noting different limits, exclusions, terms and conditions apply in each country or territory, and not all cover is available in all countries or territories.
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