What is our Embedded HCP Cover Plan?
This product is embedded on the Absa Bank Zambia (“ABZ”) Current Accounts (Premier and Prestige only), for the benefit of the qualifying Account holders.
Hospitalisation - Hospitalisation means an admission to a hospital as an in-patient on the recommendation and under the supervision of a registered medical practitioner.
On hospitalisation as a result of an accident, the Accountholder will qualify for benefits from the first day of the stay, whilst on hospitalisation arising from an illness, a minimum stay of three days will apply before the Accountholder can qualify for cover. This means on a valid claim for hospitalisation from illness, the policy will pay benefits for the full duration of the hospital stay (subject to the minimum 3 days), and if the duration is shorter than 3 days, then no hospitalisation benefits will be payable.
The benefit is paid for a maximum of 180 days for each separate occasion of hospital confinement for a specific condition. Hospitalisation for the same condition, not separated by at least 366 days, is regarded as continuous.
Sum Insured - The levels of Sum Insured available under this policy will differ by the segment within which the Accountholder’s account falls.
Eligibility criteria
Limits on Ages
Accountholders need to meet the below age limits at product launch (or their respective account opening date if this is later):
- Minimum age for cover at entry: 19 (Age next birthday) / 18 (Actual age).
- Maximum age for cover at entry: 65 (Age next birthday) / 64 (Actual age).
- There is no cover cease age.
Other Requirements
Qualifying Accountholders must satisfy the following:
- Be an Accountholder in any of the agreed ABZ Retail Accounts (Premier and Prestige).
- Must continue servicing the qualifying ABZ Retail Account on a monthly basis.
