Sun Life unveils new ESG-focused critical illness plan

The plan covers 188 illnesses and 38 complex surgeries.

Sun Life introduced the SunWell Series, a new critical illness protection plan lineup, which is the first ESG (Environmental, Social, and Governance) investing-focused whole life critical illness protection plan in the market, emphasising comprehensive customised protection for critical illness while promoting ESG values.

The SunWell series consists of SunWell Advanced Care, SunWell Supreme Care, and SunWell Essential Care. 

it  offers participating insurance plans tailored for different life stages, such as:

1. Champion-in-the-market: Covers 188 illnesses and 38 complex surgeries, providing a safety net for known and unknown diseases across various life stages.
2. First-in-market: Waives waiting periods across diagnoses of different major critical illnesses (cancer, stroke, and heart attack), ensuring immediate support without delays between conditions.
3. First-in-market: Introduces Gender Care Extra Benefit and Designated Illness Care Benefit, addressing gender-specific health needs and protecting against lung, heart, and nervous system diseases.

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4. Market-leading: Waives 24 months’ premium on early stage/juvenile critical illnesses, easing financial burdens during challenging times.
5. First-in-market: SunWell Essential Care simplifies underwriting questions for Clients with a history of heart attack or stroke, offering combined protection against cancer with a saving component.

Additionally, all SunWell products cover 226 illnesses and complex surgeries, offer no waiting period across different major critical illnesses, and provide options for baby care and premium waivers upon diagnosis. 

They ensure full protection even after previous claims and offer optional death coverage reload rider. SunWell Supreme Care provides total protection up to 10 times of Original Sum Assured (OSA), while SunWell Advanced Care offers up to 7.6 times of OSA.

SunWell Supreme Care also includes features like multiple claims for cancer, stroke, and heart attack, Gender Care Extra Benefit, Designated Illness Care Benefit, and SunCash Support Benefit for monthly financial support upon diagnosis. 

On the other hand, SunWell Essential Care is suitable for individuals with a history of heart attack or stroke, featuring simplified underwriting and multiple cancer protections.