Notes:

1. Insurance Age means, at any date, the age of the Life Insured or Policyholder (if 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 (if applicable) birthday is on the Policy Date, it will be calculated based on the age on such Policy Date.
2. Net Cash Value means at any time, an amount equal to the Guaranteed Cash Value plus Special Dividend (if any), less the Indebtedness (if any).
3. The Unemployment Benefit is applicable to the Policyholder who holds a valid Hong Kong Identity Card, and is unemployed for at least 30 consecutive days and is qualified for payment of severance benefits under the Employment Ordinance of the Hong Kong Special Administrative Region. Unemployment Benefit will be automatically terminated when (i) this Policy terminates, expires, lapses, becomes void, is cancelled or is surrendered; or (ii) the Policyholder’s Insurance Age⁽¹⁾ reaches 65 on the Policy Anniversary; or (iii) the Unemployment Benefit is paid; or (iv) no more premium is required under this Policy (whichever is the earliest). Please refer to the policy provisions for the full details and conditions.
4. Accelerated Death Benefit will be automatically terminated when (i) the Life Insured’s Insurance Age⁽¹⁾ reaches 65; or (ii) the Accelerated Death Benefit is paid; or (iii) on the date the Policy of basic plan lapses, terminates, expires, becomes void, is surrender or cancelled (whichever is the earliest). Once the Accelerated Death Benefit is paid to the Policyholder, the Policy which includes the Basic Plan and all Supplementary Benefits will be terminated. Please refer to the policy provisions for the exceptions and full details and conditions.
5. The Cancer and Disability Benefit will automatically terminate from the earliest dates of the following (i) On the payment of any claims against Cancer or Total and Permanent Disability (whichever is the earliest); or (ii) when this Policy terminates, expires, lapses, becomes void, is cancelled or is surrendered; or (iii) on the Policy Anniversary of the 20th policy years (whichever is the earliest). Once the Cancer and Disability Benefit is paid to the Policyholder, the Policy which includes the Basic Plan and all Supplementary Benefits will be terminated. Please refer to the policy provisions for the exceptions and full details and conditions.
6. This Plan is subject to the relevant requirements on nationality, and/or address of the Policyholder and/or Life Insured as determined by “Hang Seng Insurance” from time to time. “Hang Seng Insurance” reserves the right to accept or decline any applications for the Plan based on the information provided by the Life Insured and/or Policyholder during enrolment.

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 risks.

The above Life Insurance Plan is underwritten by Hang Seng Insurance Company Limited. Hang Seng Insurance Company Limited is authorised and regulated by the Insurance Authority of the HKSAR. "Hang Seng Bank" is an insurance agent authorised by Hang Seng Insurance Company Limited and the insurance product is a product 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.