What does resetting the coverage amount to HKD 1 million mean?

  • Updated

The Cancer Fighter 200 and Cancer Fighter 300 plans provide a maximum coverage of HKD 1 million every 3 years, until the accumulated claims reach the lifetime coverage limit.

Suppose the insured has purchased Bowtie's Cancer Fighter 300.
After being diagnosed with cancer for the first time, he/she can claim up to HKD 1 million for eligible cancer-related medical expenses within the first 3 years.
If the coverage amount is fully utilized within the first 3 years, an additional HKD 1 million of coverage will be available starting from the 4th year, to cover costs in case of a cancer recurrence or diagnosis of another cancer. If the second HKD 1 million coverage is used up between the 4th and 6th year, a third HKD 1 million will become available starting from the 7th year.