Note:

1. "PrimeLife" is certified by the Insurance Authority ("IA") as Qualifying Deferred Annuity Policy ("QDAP"). However, the IA certification is not a recommendation or endorsement of the policy nor does it guarantee the commercial merits of the policy or its performance. It does not mean the policy is suitable for all policyholders nor is it an endorsement of its suitability for any particular policyholder or class of policyholders. The policy has been certified by the IA but such certification does not imply official recommendation. The IA does not take any responsibility for the contents of the product brochure of the policy, makes no representation as to its accuracy or completeness, expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of the product brochure of the policy. The QDAP status of this product does not necessarily mean you are eligible for tax deduction available for QDAP premiums paid. This product’s QDAP status is based on the features of the product as well as certification by the IA and not the facts of your own situation. You must also meet all the eligibility requirements set out under the Inland Revenue Ordinance and any guidance issued by the Inland Revenue Department of HKSAR before you can claim these tax deductions. Any general tax information provided is for your reference only, and you should not make any tax-related decisions based on such information alone. Please note that only the premium paid net of any marketing offers (e.g. discount, premium waiver, etc.) might be eligible for tax concession and the actual tax benefits of this Policy would depends on personal tax position (e.g. salaries income and assessable profits) and you should always consult with a professional tax advisor if you have any doubts. Please note that the tax law, regulations or interpretations are subject to change and may affect related tax benefits including the eligibility criteria for tax deduction. We do not take any responsibility to inform you about any changes in the laws and regulations or interpretations, and how they may affect you. Further information on tax concessions applicable to QDAP may be found at www.ia.org.hk.
2. Annuity Period refers to the period during which Annuity Income is payable. The Annuity Period of "PrimeLife" is 20 years.
3. Special Guaranteed Bonus will be payable to the Annuitant on the 10th and 20th Policy Anniversary after the commencement of Annuity Period. The amount is guaranteed, amount equivalent to 5 times of the Monthly Guaranteed Annuity Income.
4. Annuity Income includes Monthly Guaranteed Annuity Income, Monthly Non-guaranteed Annuity Income (If any), Annual Guaranteed Bonus (If any) and Special Guaranteed Bonus (If any). The Monthly Non-guaranteed Annuity Income is not guaranteed and is estimated based on the non-guaranteed Account Balance as at the commencement of the Annuity Period plus any additional amounts determined by "Hang Seng Insurance" from time to time; and the actual amount paid can be higher or lower than the projected amount. The Annuity Income is payable to the Annuitant during the Annuity Period, until the end of the Annuity Period. The Policyholder may choose to withdraw it in cash or accumulate it with interest.
5. Annual Guaranteed Bonus will be payable to the Annuitant on each Policy Anniversary after the commencement of Annuity Period. The amount is guaranteed, amount equivalent to the Monthly Guaranteed Annuity Income.

Information Disclosure

The above information is a product summary of information for reference only. Please refer to the promotion leaflet/flyer and the policy provisions will be considered final. Please refer to the product brochures for the relevant product risk.

The above Life Insurance Plan is underwritten by Hang Seng Insurance Company Limited. Hang Seng Insurance Company Limited is authorized and regulated by the Insurance Authority of the HKSAR. "Hang Seng Bank" is an insurance agent authorized by Hang Seng Insurance Company Limited and the insurance products are products of Hang Seng Insurance Company Limited but not Hang Seng Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance Company Limited and you directly.