Hong Kong has been one of the main driving markets for Critical Illness insurance in Asia. It has been the source of new product innovation over the past decades. From its initial phase of just a few conditions in the late 1980s, Critical Illness insurance had grown to include more than 50 conditions by the late 1990s. By 2008, Hong Kong had already had its first multi-pay product covering the three major CI conditions with specific waiting periods between them.