top-notch medical expenses coverage of up to HKD2,500,000
coverage with tailored protection to give peace of mind
HONG KONG SAR
- Media OutReach - 23
August 2021 - 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:
expense coverage up to HKD2,500,000
accident protection up to HKD1,200,000
- Emergency family reunion
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."
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."
protection with the top-notch medical and accidental coverage
StudySurance" provides the top-notch medical expense coverage up to
HKD2,500,000 including in/out-patient overseas medical treatment occurring
during the study trip and follow-up medical expenses in Hong Kong within 90
days of insured student's return from abroad. Medical expenses for
vaccine-preventable diseases will also be covered. "Overseas
StudySurance" also brings extensive personal accident protection to the insured
students with coverage up to HKD1,200,000 for accidental death or permanent
only covering the city of study, "Overseas StudySurance" offers worldwide
coverage in which internships are arranged or endorsed by the overseas
education institution and incidental travels during the study trip as well as a
non-manual part-time job outside Hong Kong. Conventional travel and various
sports such as cycling, snow skiing, hiking, horse-riding, canoeing, rafting,
windsurfing, scuba diving are also covered.
support to insured and family during emergencies
and HSBC understand the stress for parents and students in case of emergencies
abroad and tailored protection such as emergency family reunion and travel
inconvenience are provided to alleviate the financial and mental stress. If the
insured student is hospitalised for more than five consecutive days or in the
unfortunate event of the insured student's death, "Overseas StudySurance"
covers up to HKD100,000 for 2 parents' or legal guardians' transportation and
accommodation expenses for emergency family reunion, and offers HKD2,500 cash
benefit for parents and legal guardians who take annual leave to visit the
of situations, it is always important for students to finish the curriculum
especially when they are studying abroad. If the insured student's parent or legal guardian suffers from accidental death
or permanent disablement, an education fund up to HKD300,000 will be given to
the insured student to ensure the continuation of his/her studies.
"Overseas StudySurance" offers maximum HKD20,000 per trip for the irrecoverable
transportation and accommodation expenses if the trip is cancelled or curtailed
due to insured events.
home contents and personal belongings are widely secured
StudySurance" provides protection to insured students' overseas home contents
with coverage up to HKD10,000 and HKD20,000 personal belongings including
mobile phones and laptops on a worldwide basis (except in Hong Kong) during the
study trip. Temporary accommodation expenses up to HKD5,000 will be reimbursed
if the overseas residence is damaged and rendered uninhabitable as a result of
offers the storage cost for personal belongings up to HKD2,000 if the insured
student needs to make an emergency departure, and cash allowance up to HKD2,000
for unexpected school closure for more than 3 consecutive days because of
natural disaster or as mandated by local authority.
learn more about the 'Overseas
StudySurance', please visit: https://www.hsbc.com.hk/insurance/products/travel/overseas-studysurance/
The above information is for reference only. For
details on the product features, content, terms and exclusions, please refer to
the product brochure.
 According to the
Insurance Authority Provisional Statistics on Hong Kong General Insurance
Business in 2020
 Medical expenses and
worldwide emergency assistance service are not covered if a claim is due to a
vaccine-preventable disease, where (i) the insured student fails to obtain the
related vaccine and (ii) such vaccine is mandatorily required by the
government(s) of Hong Kong SAR and/or the country/region the insured student is
travelling to/from during the study trip
The issuer is solely responsible for the content of this announcement.