ICBC AXA is a joint venture between the giant French insurance group AXA and the Industrial & Commercial Bank of China – China’s largest bank. This brings together a great brand with the local support of ICBC.
How we and our client’s rate them:
Price: Competitive
Price:China Direct Billing: 7/10
Cover: 7/10
Overseas Capabilities: 4/10
Service: Standard
Popularity: 8/10
Price stability: 9/10
Direct Billing? Yes
Online servicing? No
Portable to other countries when you leave China? No
Lifetime renewability? No
*These ratings are subjective and based on our industry experience and feedback from our clients.
The pros
Provides some of the best value-for-money plans with generous benefits and a low price
The GlobalCare Plans are one of the most popular plan choices with our clients
Is the lowest price if you want international cover with dental and annual health check-ups included
Offer a no-claims bonus. Great for those who generally don’t see the doctor
Quarterly premium payment option available
The cons
Even though they have worldwide options, it works best for people based mainly in China who are unlikely to regularly use the insurance overseas or in their home country. Direct billing overseas is patchy to say the least.
No apps or online servicing is available.
Hospitals
Direct billing available at high-cost providers (United Family, Parkway, etc.), private and foreign-funded hospitals and the VIP wards of public hospitals.
A copayment may apply at high-cost providers depending on which plan is chosen.
A 20% copayment always applies at the below two facilities regardless of plan option:
Beijing New Century International Children’s Hospital
Beijing New Century Harmony Pediatric Clinic
