A. Medical and financial requirement
B. Medical check arrangement
Medical and Financial Requirement
Medical requirement applies on Futura II, ITA and Vista3 with riders.
As per eNewsletter issue 23 dated 9 June 2014, the non medical limit on life cover has been raised from USD400,000 to up to USD700,000 for Hong Kong residents aged under 45 (age next birthday) with immediate effect!
It means that under normal circumstances, the life insured will only be required to fill out the Health and lifestyle questionnaire section on the application form, without having to go through medical examinations. Policy issuance process could, therefore, be speeded up!
Points to note:
1. Final underwriting requirements will be subject to our underwriter’s decision and we reserve the right to request additional application requirements or underwriting procedures.
2. This newly updated non-medical limit applies ONLY to Hong Kong residents but not life insured residing outside Hong Kong.
Please note that the underwriting requirements on the illustration generated by ZAP will be updated in due course.
Life, Family Income Benefit & Permanent Total Disability (Accelerated or standalone)
* Note for Life only the medical and blood tests can be waived if the client is a Hong Kong resident, aged under 45 up to US$700,000.
*NB = Next Birthday*
Critical Illness – Accelerated or Standalone including Multipay.
**Only applied to Preferred Choice, for ITA, maximum CI cover is USD1,250,000
- A – Health and Lifestyle Questionnaire
- B – HLQ & Medical Examination to include Microscopic Urinalysis (MER,MSU)
- C – HLQ, MER, MSU & Blood Test 1 (BT1) (Fasting Lipid Profile, Fasting Blood Sugar, Gamma GT)
- D – HLQ, MER, MSU, BT1, HIV, HbsAg, HCV
- E – HLQ, MER, MSU, BT1, Blood test 2 (BT2) (AST, ALT, Creatinine, Full blood count)
- F – HLQ, MER, MSU, BT1, BT2, HIV, HbsAg, HCV
- G – HLQ, MER, MSU, BT1, BT2, HIV, HbsAg, HCV, Resting & Effort ECG
- H – PMA report
- I – PSA (male lives only)
- J – CEA
- L –Cotinine test for non smokers.
- M – HLQ, MER, MSU, BT1, BT2, HIV, HbsAg, HCV, Resting and Effort ECG, PSA for age 51 and above males, CEA, PMAR, Echocardiogram, cotinine for non smokers
- 1 Financial Questionnaire signed by applicant only
- 2 Financial Questionnaire signed by applicant and an independent 3rd party
- 3 Other Third party financial evidence. Refer to Field Underwriting guide for further information
Additional information
1. When both life cover and critical illness is applied for and there are different requirements for life cover and critical illness, then the requirements for both types of cover are required.
2. When both life cover and critical illness are applied for and medical evidence is obtained for either cover, this will be used to assess both forms of cover.
3. When the application includes family income benefit (FIB), life cover will be increased by a sum calculated by multiplying one half of the annual FIB, by the term of the FIB.
For example: life cover requested – USD500,000 plus FIB of USD20,000 per annum for 30 years. Total sum insured for underwriting is USD800,000 i.e. USD500,000 + { (USD20,000 ÷ 2) x 30}.
4. When there is existing life cover or critical illness on the life insured Zurich will also include any life cover or critical illness covers effected within the last five years.
5. For very large total sums insured on the life (i.e. taking into account all policies on the life insured), there may be additional financial requirements. These will be advised by Zurich in individual cases.
6. For proposed covers in excess of age 65, refer to Zurich for any additional requirements.
For more details, please see Zurich Underwriting Guide [MSP11082(09/12)]
B. Medical check arrangement
1. Once the consultant receive Zurich Medical Request Form via service log, the consultant can help the client make the appointment with the client's preferred clinic (please refer to List of medical clinics) (Updated: 7 Apr 2017)
2. Please remind the client to bring the photo identification and the Medical Request Form to the clinic to do the medical examination.
3. Kindly reply to service log to let Zurich know the appointment date and the name of the clinic so that Zurich can further follow up the medical report with the clinic.
Currency FX rates to use
Currency FX (1 US$=) USD 1.00 GBP 0.67 EUR 0.75 AED 3.67 BHD 0.377 SGD 1.50 HKD 7.75 AUD 1.00 CHF 1.00 JPY 100
Zurich Customer Hotline: 3405 7150 (for general enquiries ONLY)