December 13, 2024

YF Life Insurance International Ltd. (YF Life) is thrilled to announce a strategic partnership with Ant Bank (HK) (Ant Bank), designed to launch a range of innovative insurance products on the Ant Bank platform. This collaboration aims to elevate the insurance experience for Ant Bank users, enabling them to purchase insurance products through its mobile application. The partnership demonstrates both parties’ commitment to embracing cutting-edge technologies to meet customers’ emerging needs while providing diversified coverage options.

The Initial Product Offerings Launched Online

The first two offerings available online include an accident protection plan and a critical illness protection plan. From now on, Ant Bank users in Hong Kong can easily insure with the “Secure Plus 100% Refundable Accident Protector” and the “We All Care 100% Refundable Cancer Protector” directly via the Ant Bank application with just a few taps. The entire application and underwriting process is designed to be quick and hassle-free.

Mr. Manko Chan, Executive Director & Interim Chief Executive Officer at YF Life, said, “Digital platforms have seamlessly integrated into our daily lives. We believe that convenience and accessibility are essential components of the customer journey. Our collaboration with Ant Bank to launch a user-friendly online insurance service allows customers to access what they need, whenever and wherever they wish. This initiative not only provides greater flexibility but also ensures that customers can select products tailored to their needs, enhancing their overall insurance service experience.”

Ms. Yvonne Leung, Chief Executive Officer at Ant Bank (HK) said, "Ant Bank is committed to leveraging technology to offer diversified, convenient and reliable financial management solutions to everyone. We are very pleased to partner with YF Life for the first time; this marks a great stride for Ant Bank into the InsurTech field, and another major step following the recent launch of our investment funds services. "

Looking ahead, YF Life is dedicated to working closely with Ant Bank to expand the range of products and services available, empowering customers to own their future.

With the launch of the “Secure Plus 100% Refundable Accident Protector” and the “We All Care 100% Refundable Cancer Protector”, successful applicants will enjoy a first-year 4-month premium discount¹.

Remarks:

1. Subject to relevant terms and conditions.
2. Ant Bank (HK) Limited is registered in accordance with the Insurance Ordinance (Cap.41 of the Laws of Hong Kong) (Licence No. GA1061) as an insurance agency of YF Life Insurance International Ltd ("YF Life") for the distribution of life insurance products in the Hong Kong SAR. The above insurance product(s) are products of YF Life but not Ant Bank and they are intended only for sale in the Hong Kong SAR.

YF Life partners with Ant Bank (HK) to launch a range of innovative insurance products on the Ant Bank platform. Mr. Manko Chan, Executive Director & Interim Chief Executive Officer at YF Life (second right), and Ms. Yvonne Leung, Chief Executive Officer at Ant Bank (HK) (second left), officiate at the launch ceremony of the strategic collaboration.