Cover Nearly half of Hong Kong CEOs would like their companies to increase their budgets for mental health and well-being support (Photo: Getty Images/Bupa Global)
Nearly half of Hong Kong CEOs would like their companies to increase their budgets for mental health and well-being support (Photo: Getty Images/Bupa Global)
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Bupa Global recently found that high-net-worth individuals in Hong Kong are seeking to prioritise mental health and personal downtime over longer working hours. Content produced in partnership with Bupa Global
To ensure better health and wellbeing, CEOs and other top executives in Hong Kong are taking their health measures to a new level. A recent study conducted by Bupa Global on high-net-worth (HNW) individuals in the city shows that they are planning major career changes in a bid to prioritise work-life balance and personal downtime.
From moving to other companies, working fewer hours to even retiring completely with an aim to achieve work-life balance, 66 per cent of Hong Kong’s HNW individuals admitted to experiencing mental health issues in the past year. Conditions encompassing mood swings, difficulty in making decisions, irregular sleeping patterns and burnout have been caused by several factors such as changes to Covid-19 management policies, the rising cost of living, inflation and work-life balance.
With increasing awareness of these health issues, most of the executives surveyed (98 per cent) see a pressing need to improve their work-life balance. However, nearly 90 per cent of them still overworked in the past year, with 37 per cent of CEOs working more than 60 hours during most weeks.
Above In a bid to prioritise work-life balance and mental downtime, CEOs and other top executives are planning major career changes (Photo: Getty Images/Bupa Global)
In a bid to prioritise work-life balance and mental downtime, CEOs and other top executives are planning major career changes (Photo: Getty Images/Bupa Global)
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To address the workplace challenges affecting their health and personal wellbeing, CEOs are now placing mental health at the top of their list of self-care priorities in 2023. To this end, they are seeking support from their insurers as 85 per cent are looking to purchase private medical insurance for themselves or their families in the coming year.
The report revealed that nearly one third of CEOs expect cover from their medical plans that will help to prevent ill health and maintain or improve overall health. Private Client by Bupa offers health plans with prevention and wellness benefits designed for HNW and globally-minded individuals.
Its bespoke services include a global virtual care app with a network of top doctors who are available 24/7 for one-on-one telemedical consultations. Clients are also given direct access to leading healthcare specialists, hospitals and accommodation around the world, alongside a variety of complementary therapies such as physiotherapy, acupuncture, homeopathy and naturopathy.
The Ultimate Global Health Plan is an inclusive and holistic medical plan offering clients a tailored service that includes a personal Lifecare Concierge Manager to help manage their physical and mental health proactively through a range of wellbeing therapies. Besides vitamin therapy and cryotherapy, clients can also benefit from coverage for two children under the age of 16 at no additional expense, subject to underwriting. Accompanying family members’ room and board costs are also covered during compassionate visits, truly handling all aspects of an individual or family health plan, with an understanding of varying lifestyles, medical conditions, and provider preferences.
Despite the wider society becoming acclimatised to a new normal since the first Covid-19 case was recorded in the city, the need for preventative care and mental health support has never been greater. As a premium health insurance partner, Bupa Global is committed to providing holistic support to its customers for their physical and mental wellbeing.
Learn more about Private Client by Bupa and their Ultimate Global Health Plan
Private Client by Bupa is a premium service providing expertly curated health and wellbeing plans insured by Bupa (Asia) Limited, trading as Bupa Global.
The plans are insured by Bupa (Asia) Limited and administered by Bupa Global. Bupa Global is a trading name adopted by Bupa (Asia) Limited in relation to its portfolio of International Private Medical Insurance products and services. Bupa (Asia) Limited is authorised and regulated by the Hong Kong Insurance Authority. This material shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong.
