Chubb launches eGroup Personal Accident Insurance Annual Plan in Hong Kong for Start-ups and SMEs

HONG KONG, CHINA
-�Media OutReach - 25 February 2019 - Chubb today announced the launch of eGroup
Personal Accident Insurance in Hong Kong.

 

As a global leader in
personal accident and supplemental health insurance, Chubb understands how
employees’ injuries can disrupt their business and lead to costly compensation.
In particular, new start-ups and small & medium-sized enterprises (SMEs)
are more vulnerable than large multinationals or conglomerates with regard to
resources and finances. Chubb’s eGroup Personal Accident Insurance has been specially developed to help SMEs provide relevant coverage to their
employees as an added staff benefit.  

 

The highlights of the plan[1] include:

1. The waiver of the age
   limit for policy issuance and renewal.
2. Provision of employee
   coverage is on an unnamed basis.
3. Full terrorism cover.
4. Waiver of medical
   examination, and
5. 24-hours worldwide
   coverage.

 

The eGroup Personal Accident Insurance includes
lump sum benefits for accidental death and disablement and lump sum benefits
for medical expenses. There are four fixed plans with
premiums starting from as low as HKD1,000 per policy.

 

Stanley Wong, Country
President of Chubb’s general insurance business in Hong Kong said, “In a buoyant
economy, investing in policies that support employee retention is essential as employers
recognise the high costs of rehiring and training. Chubb comprehends the
challenges faced by the over 300,000 SMEs in Hong Kong which employ
almost half of the workforce in the private sector. Therefore, we have
developed eGroup Personal Accident Insurance to provide a strong safety net for
employees. The plan protects the employer’s
business from being disrupted by employees involved in accidents.“

 

For more information about
Chubb eGroup Personal
Accident Insurance, please visit https://www.chubb.com/hk-en/business/group-personal-accident-insurance.aspx.

About Chubb

Chubb is the
world’s largest publicly traded property and casualty insurance company. With
operations in 54 countries and territories, Chubb provides commercial and
personal property and casualty insurance, personal accident and supplemental
health insurance, reinsurance and life insurance to a diverse group of clients.
As an underwriting company, we assess, assume and manage risk with insight and
discipline. We service and pay our claims fairly and promptly. The company is
also defined by its extensive product and service offerings, broad distribution
capabilities, exceptional financial strength and local operations globally.
Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE:
CB) and is a component of the S&P 500 index. Chubb maintains executive
offices in Zurich, New York, London and other locations, and employs
approximately 31,000 people worldwide.

 

With both general and life insurance operations, Chubb has
been present in Hong Kong for more than 90 years via acquisitions by its
predecessor companies. Its general insurance operation in Hong Kong (Chubb
Insurance Hong Kong Limited) is a niche and specialist general insurer offering
products such as Property, Casualty, Marine, as well as Accident & Health
programs for large corporates, midsized commercial and small business customers.
The AA- long term insurer financial strength and counterparty credit ratings by
Standard & Poor’s are indicative of the company’s strong capitalisation.
Over the years, the company has built strong client relationships by offering
responsive service, developing innovative products and providing market
leadership built on financial strength.

 

More information can be found
at www.chubb.com/hk