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Business Banking > Business Insurance and MPF > Current Promotion Offer

From 2 November 2009 till 30 November 2009 (“Promotion Period”), successfully enrol in any of the following designated life insurance plan(s)(1) with designated annualized premium(2) , and you will get the following fabulous privileges.

The designated life insurance plan(s)
Annualized Premium(2)
Amount of WELLCOME Cash Coupons (HKD)
Other Privileges
Payment Term
10 years or Below
Payment Term
Above 10 years
Treasure Life Insurance Plan /
Mortgage Life Protection Plan /
MediCash Lifetime Insurance Plan /
Critical Illness Life Insurance Plan /
Super Term Insurance Plan /
Yearly Renewable Term Plan(3) /
10-Year Renewable Term Plan(3) /
HKD6,000 – HKD23,999
(USD750 – USD2,999)
180
440
Not applicable
HKD24,000 – HKD39,999
(USD3,000 – USD4,999)
380
840
HKD40,000 or above
( USD5,000 or above)
780
1,740
Hotel Dining Cash Coupons
(Worth HKD1,800)
Smart Income Life Insurance Plan /
Step-up Income Life Insurance Plan(4)
HKD18,000 – HKD59,999
(USD2,250 – USD7,499)
220
600
Not applicable
HKD60,000 – HKD99,999
(USD7,500 – USD12,499)
520
1,200
HKD100,000 – HKD299,999
(USD12,500 – USD37,499)
820
1,700
HKD300,000 – HKD499,999
(USD37,500 – USD62,499)
1,220
2,200
HKD500,000 – HKD999,999
(USD62,500 – USD124,999)
2,220
3,200
A 999.9 Fine Gold God of Wealth Ingot (10g)
HKD1,000,000 or above
( USD125,000 or above)
5,220
6,200
A 999.9 Fine Gold God of Wealth Ingot (20g)
Refundable Cancer Protection
Life Insurance Plan
HKD10,000 – HKD19,999
150
Not applicable
HKD20,000 – HKD29,999
450
HKD30,000 or above
750
Hotel Dining Cash Coupons
(Worth HKD1,800)
HSBC Jade Global Universal Life Plan(5)/
HSBC Jade Global Select Universal Life Plan(5)
USD/AUD750 – USD/AUD2,999
180
Not applicable
Not applicable
USD/AUD3,000 –
USD/AUD4,999
380
Not applicable
USD/AUD5,000 or above
780
Not applicable


Remarks:
(1) Designated Life Insurance Plans include Smart Income Life Insurance Plan, Step-up Income Life Insurance Plan, Treasure Life Insurance Plan, Mortgage Life Protection Plan, MediCash Lifetime Insurance Plan, Critical Illness Life Insurance Plan, Super Term Insurance Plan, Yearly Renewable Term Plan, 10-Year Renewable Term Plan, Refundable Cancer Protection Life Insurance Plan, HSBC Jade Global Universal Life Plan and HSBC Jade Global Select Universal Life Plan (“Designated Life Insurance Plans”). The list of Designated Life Insurance Plans will be subject to change without prior notice. Please contact Hang Seng Bank Limited (“Hang Seng Bank”)’s Relationship Manager for enquiries.
(2) The annualized premium does not include rider premium. For monthly payment mode (if applicable), the eligibility of Wellcome Cash Coupons, 999.9 Fine Gold God of Wealth Ingot offers and Hotel Dining Cash Coupons (if applicable) will be determined by multiplying the monthly premium payment by 12. If customers enrol in Smart Income Life Insurance Plan or Step-up Income Life Insurance Plan with lump sum premium payment, the eligibility will be determined by dividing the lump sum premium payment by 5.
(3) The available payment term for Yearly Renewable Term Plan is annual; the available payment term for 10-Year Renewable Term Plan is 10 years; hence the maximum amount of Wellcome Cash Coupons to be received by the customers who successfully enrol in these plans is HKD780.
(4) The available payment term for Step-up Income Life Insurance Plan is 5 years. Hence the customers are entitled to receive a maximum of HKD5,220 Wellcome Cash Coupons and a 999.9 Fine Gold God of Wealth Ingot (20g) upon successful enrolment in this plan.
(5) If customers successfully enrol in HSBC Jade Global Universal Life Plan and HSBC Jade Global Select Universal Life Plan, the eligibility will be determined by dividing the lump sum premium payment by 10, and the maximum amount of Wellcome Cash Coupons to be received by customers is HKD780.


Terms and Conditions for the promotion offer:

The promotion period of the above promotion offer is from 2 November 2009 to 30 November 2009 (“Promotion Period”).
To receive the relevant offers, customers must successfully enrol in the designated insurance plan(s) listed above within the Promotion Period (based on the date of signature on the application form), and the annual premium of each policy (in HKD) must meet the above preset annualised premium amount.
To enjoy the offer, the policy must remain in force after the cooling-off period.
Hang Seng Bank and Hang Seng Insurance Company Limited (“Hang Seng Insurance”) reserve the right to suspend, vary or discontinue the promotion offers, and amend the relevant terms and conditions without prior notice. In case of disputes, the decision of Hang Seng Bank and "Hang Seng Insurance" shall be final.
During the Promotion Period, if the policyholder successfully enrols in more than one designated plan and the annual premium of each policy meets the above preset annualised premium amount, the amount of the Wellcome Cash Coupons, Hotel Dining Coupons (together referred to as "the Coupon") and 999.9 Fine Gold God of Wealth Ingot (“God of Wealth Ingot”) will commensurate with the number of eligible policies held by the policyholder. However, if the life insured successfully enrols in more than one policy with the same plan and same payment term, the policyholder will be entitled to the offer of the Wellcome Cash Coupons, Hotel Dining Coupons and God of Wealth Ingot once only.


Terms and Conditions of the God of Wealth Ingot Offer:

The God of Wealth Ingot offer is applicable to Smart Income Life Insurance Plan and Step-Up Income Life Insurance Plan with annualized premium of HKD500,000 / USD62,500 or above.
During the Promotion Period, if the life insured successfully enrolls in more than one policy with the same plan and same payment term, the policyholder will be entitled to one God of Wealth Ingot only.
The weight of the God of Wealth Ingot is around 10 grams or 20 grams. The God of Wealth Ingot cannot be redeemed for cash, exchanged for other version of God of Wealth Ingots or other gifts.
The picture of the God of Wealth Ingot is for reference only. Gift is available while stock lasts. Hang Seng Bank and “Hang Seng Insurance” reserve the right to replace the God of Wealth Ingot with other gift without prior notice. The value and kind of the replacement gift may not be equivalent to the God of Wealth Ingot offered in this promotion.
Lost or damaged God of Wealth Ingot will not be reissued or replaced by Hang Seng Bank and “Hang Seng Insurance”.
Customer will be notified of the redemption details within 3 months after the policy cooling-off period.
The decision of Hang Seng Bank and “Hang Seng Insurance” on all matters arising from the God of Wealth Ingot offer shall be final and binding on all parties concerned.


Terms and Conditions for the Wellcome Cash Coupons and Hotel Dining Cash Coupons Rewards:

The Coupon will be mailed or delivered in person to the policyholder after the cooling-off period.
The Coupon cannot be redeemed for cash or exchanged for other gifts.
The Coupon is only available while stock lasts.
For the usage of the Coupon, please refer to the terms and conditions printed on the Coupon.
Lost or damaged Coupons will not be reissued or replaced by Hang Seng Bank and “Hang Seng Insurance”.
Hang Seng Bank and "Hang Seng Insurance" are not the suppliers or providers of the Coupons and bear no obligations and liabilities relating to such Coupons. Any disputes arising from the Coupons shall be resolved between the customers and the relevant supplier or provider directly.

Treasure Life Insurance Plan, Mortgage Life Protection Plan, MediCash Lifetime Insurance Plan, Critical Illness Life Insurance Plan, Smart Income Life Insurance Plan, Step-up Income Life Insurance Plan, Super Term Insurance Plan, Yearly Renewable Term Plan, 10-Year Renewable Term Plan and Refundable Cancer Protection Life Insurance Plan are underwritten by "Hang Seng Insurance" which is authorised and regulated by the Commissioner of Insurance of HKSAR to carry out long-term insurance business in the HKSAR. Hang Seng Bank is the insurance agent authorised by "Hang Seng Insurance”.

HSBC Jade Global Universal Life Plan and HSBC Jade Global Select Universal Life Plan are underwritten by HSBC Life (International) Limited ("HSBC Life"). HSBC Life is authorised and regulated by the Hong Kong Commissioner of Insurance to carry out long-term insurance business in the HKSAR. Hang Seng Bank is an insurance agent authorised by HSBC Life.

The above information is intended as a general summary of the information only. Please refer to the relevant promotion flyers/leaflet for details on the terms, conditions and exclusions of the respective life insurance plans and the policy of the respective plans shall be considered as final.