KONG SAR - Media OutReach - 19 July 2021 - AXA
Hong Kong and Macau ("AXA") is
pleased to announce the launch of "SmartStudent Overseas"
to provide comprehensive protection for students studying abroad with
home-to-home coverage, even during internship, working part-time or going on
excursions. "SmartStudent Overseas"
features four market-leading highlights
for a broad age group of students from 10 to 35:
- Best medical expense coverage up to HKD2,000,000
- Best personal accident protection up to HKD1,500,000
- Best emergency family reunion benefit up to HKD100,000
- Market-leading education fund up to HKD300,000
Overseas" offers instant policy approval with simple and
fast online enrolment. Customers can get an all-round
protection before the start of
the trip from Hong Kong and enjoy easy claims
service from anywhere in the world. All benefits we provide are free of any
excess or deductible. "SmartStudent Overseas"
annual premium can be as low as HKD3,510. From
now until 31 October 2021, customers purchasing "SmartStudent
Overseas" will be entitled to a 10% instant premium
discount on any plan.
Comprehensive home-to-home medical
and personal accident protection
AXA aims to be the best companion for students
studying overseas by ensuring that they have the necessary protection from the
moment they leave home for overseas study until they return to Hong Kong. AXA
provides the highest coverage in the market with up to
HKD2,000,000 medical expense for accidental bodily injury sustained or sickness
contracted overseas, including up to HKD250,000 for follow-up medical treatment
in Hong Kong within 90 days of the student's return from abroad.
Medical expenses due to a pandemic such as COVID-19 will also be covered.
It also offers the best personal accident
protection with coverage up to HKD1,500,000 for accidental death or permanent
disablement, including an additional payout up to HKD500,000 if the relevant
accident results from riding on a common carrier, kidnap or natural disaster.
Overseas" covers not only the city of study,
but also anywhere
overseas (except in Hong Kong) when the insured students take internships,
non-manual part-time jobs and leisure travel during their study period. Various
sports and activities such as cycling, marathon, rafting, wind surfing, hiking,
snow skiing are also covered.
reunion visit and support during emergencies
24-hour emergency assistance service can help arrange transportation and
accommodation for the insured student's family to visit the insured student
overseas, if the insured student is hospitalised for more than 5 consecutive
days, or in the unfortunate event of the insured student's death. We cover up
to HKD100,000 for the transportation and accommodation expense. Parents or
guardians who take annual leave for such visit can also get up to HKD2,500 cash
AXA fully recognises that education is key to a successful future. If the
insured student's parent or guardian suffers from accidental death or permanent
disablement, a separate education fund up to HKD300,000 will be given to the insured
student to ensure continuity of his/her studies.
overseas home contents and personal belongings protection
Overseas" also covers overseas home contents up to HKD10,000,
and personal belongings up to HKD20,000 on a worldwide basis (except in Hong
Kong) during the study trip, including musical instruments, sports equipment, mobile
phones and laptop computers. Temporary
accommodation expenses up to HKD5,000 will be reimbursed if the overseas
residence is damaged and rendered uninhabitable as a result of insured events.
It also offers the first-in-market coverage of 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 because of natural disaster or compulsory closure by local
police or authority.
Kenneth Lai, P&C Distribution Director, AXA
Hong Kong and Macau, said, "Studying abroad is a good opportunity
for students to grow and broaden their horizons. With the increasing popularity
of overseas study, AXA is delighted to be a companion to students during this
important phase of their lives by providing them with market-leading comprehensive
protection. As Hong Kong's largest general insurer, we have enhanced the benefits to an
unmatched level in the industry with the highest medical and personal accident
coverage. 'SmartStudent Overseas' helps students feel confident to achieve
their goals and go further in life, which exemplifies AXA's 'Know You Can' brand
To learn more
about "SmartStudent Overseas", please visit
The above information is for reference only. For
details on product features, content, terms and exclusions, please refer to the
relevant product brochure.
According to the
Insurance Authority Provisional Statistics on Hong Kong General Insurance
Business in 2020