Hang Seng Insurance originally announced in the middle of last month that for customers who successfully applied for individual insurance policies before the end of March, if they were diagnosed with 2019-nCoV, the one-off cash compensation provided to each insured person would increase from 100,000 yuan to 180,000 yuan. After the above announcement, the measures caused heated discussions.
Up to now, the website of Hang Seng Bank can be seen, and the terms and conditions have been updated. The one-off compensation of 180,000 yuan is only applicable to customers whose application period is on or before February 10. For customers who apply from today to March 31, if they are diagnosed with the new crown, the compensation will be the lower of the following two: HKD 200,000 or 25% of the total premium paid (not less than HKD 2,800).
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