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	Smart Income Life Insurance Plan
	Treasure Life Insurance Plan

Smart Income Life Insurance Plan

Various Insurance Plans for You to Choose Great Financial Rewards to Enjoy As You Wish

Smart Income Life Insurance Plan (“the Plan”) of Hang Seng Insurance Company Limited (“Hang Seng Insurance”) provides you with various premium payment terms and income withdrawal options to suit your personal financial needs, let you manage your savings with flexibility and enjoy your financial rewards as you wish.

Choices of Income Period⁽¹⁾ – including 8, 10, 15 or 20 years, providing you with more financial flexibility.

Choices of premium payment term⁽²⁾ – make a single payment or spread premium payments across 3 years to 15 years.

Flexible income withdrawal options:

Regular withdrawal –	Receive the Guaranteed Bonus⁽³⁾ in lump sum upon commencement of Income Period⁽¹⁾ and Monthly Income⁽⁴⁾ during the Income Period⁽¹⁾.
Accumulation for future use –	Retain the Guaranteed Bonus⁽³⁾ and Monthly Income⁽⁴⁾ received during Income Period⁽¹⁾ for interest accumulation⁽⁵⁾.
Immediate withdrawal –	Withdraw the Total Cash Value⁽⁶⁾ of the policy in lump sum upon commencement of Income Period⁽¹⁾.

Terminal Illness Benefit⁽⁷⁾ and Unemployment Benefit⁽⁸⁾ for extra peace of mind.

Optional Waiver of Premium on Disability Benefit⁽⁹⁾ or Payor’s Benefit⁽¹⁰⁾ for comprehensive protection.

Guaranteed acceptance⁽¹¹⁾ and uni-rate for simple application.

(1)	Income Period refers to the period during which Monthly Income⁽⁴⁾ is paid. Depending on the period chosen in which Monthly Income⁽⁴⁾ is received and/or the premium payment term, Income Period will commence from 8 years to 15 years after the Policy Date.
(2)	Available options of premium payment term depends on the period chosen in which Monthly Income⁽⁴⁾ is received.
(3)	Guaranteed Bonus is payable to the Policyholder in a lump sum upon commencement of the Income Period⁽¹⁾. The Policyholder can choose to withdraw it or accumulate it with interest⁽⁵⁾. Guaranteed Bonus is guaranteed and is calculated based on the Income Period⁽¹⁾ x Initial Guaranteed Monthly Income. For example, a Policyholder who chooses the plan with a 15-Year Income Period⁽¹⁾, the Guaranteed Bonus equals the Initial Guaranteed Monthly Income x 15 months etc.
(4)	Monthly Income includes Guaranteed Monthly Income and Non-guaranteed Monthly Income. The Non-guaranteed Monthly Income is not guaranteed and the actual amount paid could be higher or lower than the projected amount. During the Income Period⁽¹⁾, the Monthly Income is payable to the Policyholder on each monthiversary until the end of the Income Period⁽¹⁾. The Policyholder may choose to withdraw it or accumulate it with interest⁽⁵⁾.
(5)	Policy Dividends and interest rates used for Policy Dividends, Guaranteed Bonus⁽³⁾ and Monthly Income⁽⁴⁾ accumulations are not guaranteed. Please refer to Illustration Summary for the current Dividend accumulation rate.
(6)	Before the commencement of the Income Period⁽¹⁾, Total Cash Value includes Guaranteed Cash Value and accumulated Policy Dividends⁽⁵⁾ (if any). Upon complete withdrawal of the Total Cash Value, the policy will be terminated.
(7)	Terminal Illness means a medical condition of the Life Insured that is certified by Hang Seng Insurance’s appointed Registered Medical Practitioner to be reasonably expected to result in the death of Life Insured within 6 months from the date of certification. Such medical condition and/or its signs or symptoms must first occur or commence more than 90 days following the Issue Date or effective date of last reinstatement of the policy (whichever is later). The Plan will be automatically terminated upon payout of this benefit or upon termination of the basic plan (whichever is earlier). Please refer to the relevant insurance policy for definitions, conditions and exclusions of this benefit.
(8)	After the policy has been issued for more than 2 months, if the Policyholder has been unemployed for at least 30 consecutive days and is qualified for payment of severance benefits under the Employment Ordinance of the Hong Kong SAR, the Policyholder will be eligible for Unemployment Benefit. This benefit will automatically terminate when the Policyholder reaches the Insurance Age of 65 or until the end of premium payment term (whichever is earlier). Please refer to the relevant insurance policy for definitions, conditions and exclusions of this benefit.
(9)	Waiver of Premium on Disability Benefit is only applicable to the Life Insured with Insurance Age not exceeding 60 at the time of application and relevant underwriting procedure is required. Premium of this benefit should be paid until the end of the premium payment term of the basic plan or the Life Insured reaches the Insurance Age of 65 (whichever is earlier). The Life Insured must be a Hong Kong or Macau identity card holder to be eligible for this benefit.
(10)	Payor’s Benefit is only applicable to the Life Insured with Insurance Age of 17 or below at the time of application, and the Payor with Insurance Age of 18 to 60 at the time of application. The premium is payable until the end of premium payment term of the basic plan, or the Life Insured reaches the Insurance Age of 25, or the Payor reaches the Insurance Age of 65 (whichever is earlier). The Payor must be a Hong Kong or Macau identity card holder to be eligible for this benefit.
(11)	For Life Insured with Insurance Age between 18 to 67 years, guaranteed acceptance is only applicable to the Total Premium amount not exceeding HK$20,000,000/ US$2,500,000; for Life Insured with Insurance Age of 17 or below, guaranteed acceptance is only applicable to the Total Premium amount not exceeding HK$8,000,000/ US$1,000,000. Total Premium refers to the total premium of Smart Income Life Insurance Plan, Step-up Income Life Insurance Plan, Income Select Life Insurance Plan and Income Step-up Life Insurance Plan enrolled per life insured. Full underwriting procedure is required if the amount exceeds the above-mentioned Total Premium amount.

Notes :
•	The Smart Income Life Insurance Plan is underwritten by "Hang Seng Insurance" which is authorized and regulated by the Commissioner of Insurance of the HKSAR. Hang Seng Bank Limited is an insurance agent authorized by "Hang Seng Insurance".
•	The above information is intended as a general summary of the information only. Please refer to the relevant policy for exact terms, conditions and exclusions of the Plan. For details of the Plan and the policy terms, please contact any Hang Seng Bank Branch.

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Please call 2198 7838 or visit any of our branches.

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Treasure Life Insurance Plan

Gear You Up to Move Forward With Peace of Mind
Treasure Life Insurance Plan of Hang Seng Insurance Company Limited ("Hang Seng Insurance") provides you a comprehensive life insurance protection that helps you establish a solid foundation, allowing you to go ahead to achieve different personal dreams and aspirations with total peace of mind.

	Life protection up to insurance age⁽¹⁾ of 99.
	Life protection up to Life Insured’s Insurance Age⁽¹⁾ of 99.
	Various choices of premium payment period: 5 years, 10 years, 25 years, premium payment until the Life Insured reaches the Insurance Age⁽¹⁾ of 65 or 99.
	Comprehensive coverage includes Basic Death Benefit, Wavier of Premium on Disability Benefit⁽²⁾or Payor’s Benefit⁽³⁾ , and Unemployment Benefit⁽⁴⁾.
	Optional supplemental benefits available for greater protection.
	Projected policy dividends⁽⁵⁾ distributed annually.
	Fixed premium for easy financial planning..

(1)	Insurance Age means, at any date, the age of the Life Insured or Policyholder (as applicable) on the most recent birthday prior to the Policy Date plus the number of completed Policy Years. If the Life Insured’s or Policyholder’s (as applicable) birthday is on the Policy Date, it will be calculated based on the age on such Policy Date.
(2)	Wavier of Premium on Disability Benefit is only applicable to the Life Insured with Insurance Age ⁽¹⁾ not exceeding 64 at the time of application. In case the Life Insured becomes disabled caused by accident or illness and unable to work for at least 183 consecutive days, all premiums due and payable during the period of disability will be waived until the Life Insured reaches the Insurance Age⁽¹⁾ of 65. The Life Insured must be a Hong Kong or Macau identity card holder to be eligible for this benefit.
(3)	Payor’s Benefit is only applicable to the Life Insured with Insurance Age (1) of 17 or below at the time of application and the Payor with Insurance Age⁽¹⁾ of 18 to 60 at the time of application. In the unfortunate event of the payor’s death, all premiums due and payable will be waived; if the Payor becomes disabled caused by accident or illness and unable to work for at least 183 consecutive days, all premiums due and payable during the period of disability will be waived until the Life Insured reaches the Insurance Age⁽¹⁾ of 25, or until the Payor reaches the Insurance Age⁽¹⁾ of 65 (whichever is earlier). The Payor must be a Hong Kong or Macau identity card holder to be eligible for this benefit.
(4)	After the policy has been issued for more than 2 months, if the Policyholder has been unemployed for at least 30 consecutive days and is qualified for payment of severance benefits under the Employment Ordinance of the Hong Kong SAR, the Policyholder will be eligible for Unemployment Benefit. This benefit will automatically terminate when the Policyholder reaches the Insurance Age(1) of 65 or until the end of premium payment term (whichever is earlier). Please refer to the relevant insurance policy for definitions, conditions and exclusions of this benefit.
(5)	Distribution of projected annual policy dividends and the interest rate used for policy dividends accumulation are not guaranteed.

Notes :
•	The Treasure Life Insurance Plan is underwritten by "Hang Seng Insurance" which is authorized and regulated by the Commission of Insurance of the HKSAR. Hang Seng Bank Limited is an insurance agent authorised by "Hang Seng Insurance".
•	The above information is intended as a general summary of information only. Please refer to the actual policy for exact terms, conditions and exclusions of the plan. For details of the plan and the policy terms, please contact any Hang Seng Bank Branch.

Please call 2198 7838 or visit any of our branches.

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