Life Insurance Plan Offers

(1 July to 30 September 2021)

Customers will be entitled premium discount for the first year upon successful application for any designated life insurance plan with the designated amount of annualised premium during the promotion period! The following Life Insurance Plans are underwritten by Hang Seng Insurance Company Limited.
Premium discount for the first year (in percentage)
Signature
Customers
Prestige
Customers
Preferred
Customers
Other
Customers
Insurance Protection Plans
CompanionLife Insurance Plan
LifeBetter Critical Illness Life Insurance Plan
EmbraceLife Insurance Plan
40% 39% 37%
(For annualized premium(1) of HK$200,000 or above(2))
35% 34% 32%
(For annualized premium(1) of HK$40,000 – $199,999(2))
30% 29% 27%
(For annualized premium(1) of HK$20,000 – HK$39,999(2))
Mortgage Life Protection Plan 10-month premium waiver in the first year
(Monthly premium payment mode)
85%
(Annual permium payment mode)
Selected Annuity Plan
FortuneLife Deferred Annuity Life Insurance Plan 23% 22% 20%
(For annualized premium(1) of HK$2,000,000 or above(2))
16% 15%
(For annualized premium(1) of HK$500,000 – HK$999,999(2))
13% 12%
(For annualized premium(1) of HK$200,000 – HK$499,999(2))
11% 10%
(For annualized premium(1) of HK$100,000 – HK$199,999(2))
8% 7%
(For annualized premium(1) of HK$$99,999 or below(2))
Insurance Savings Plans
MaxiPlus Annuity Life Insurance Plan
FutureEnrich Life Insurance Plan
PreciousWay Education Life Insurance Plan
8.5% 7.5% 2%
(For annualised premium(1) of HK$1,500,000 or above(2))
7% 6% 1.5%
(For annualised premium(1) of HK$1,000,000 - HK$1,499,999(2))
3% 2% 0.5%
(For annualised premium(1) of HK$50,000 – HK$999,999(2))
Universal Life
Exquisite Universal Life Insurance Plan
Exquisite Supreme Universal Life Insurance Plan
6%
The premium discount is based on Initial Premium (Annual premium payment mode)
3%
The premium discount is based on Initial Premium (Single premium payment mode)
High-limit Life Protection Plan
PhoenixLife Insurance Plan 2% 0.5%
(For initial premium of HK$1,000,000 or above)
Act Now!
Customer Enquiry 21987838

Notes:

  1. Rider premium is not included in the annualised premium. If the annual premium payment mode is selected, customer can enjoy the above designated first-year premium discount upon payment of the premium for the first policy year. If the monthly payment mode is selected, the applicable annualised premium for calculating the premium discount in the first policy year will be determined by multiplying the monthly premium payment by 12; and the premium discount will be used to offset part of or all of the premium payable starting from the third month, depending on the amount of premium discount available.
  2. If customer selects the US Dollar as the policy currency, the applicable annualised premium in the Hong Kong Dollar for calculating the premium discount in the first policy year will be determined by multiplying the US Dollar premium payment by 8. If customer selects the RMB as the policy currency (only applicable to MaxiPlus Annuity Life Insurance Plan and FortuneLife Deferred Annuity Life Insurance Plan), the applicable annualised premium in the Hong Kong Dollar for calculating the premium discount in the first policy year will be determined by multiplying the RMB premium payment by 1.25.

Terms and Conditions of the premium discount offer in the first year ("Premium Discount Offer") for life insurance plans:

  • The promotion period is from 1 July to 30 September 2021 (both days inclusive) ("Promotion Period").
  • Application form of the life insurance plan of Hang Seng Insurance Company Limited ("Hang Seng Insurance") must be signed and submitted within the Promotion Period.
  • Hang Seng Insurance shall have the right to decide whether or not to accept the insurance application based on information provided by the Policyholders or the Life Insured upon application.
  • Premium Discount Offer is only applicable to customers who successfully apply for any of the designated Hang Seng Insurance life insurance plans as Policyholders.
  • Premium Discount Offer is only applicable to personal customers but not applicable to corporate customers and any parties who enjoy Hang Seng Bank staff privileges.
  • If the Life Insured successfully applies for more than one policy during the Promotion Period, the Policyholder will be entitled to the applicable premium discount according to the annualised premium of each relevant policy.
  • Unless otherwise specified, this Premium Discount Offer shall not be used in conjunction with other premium discount offers.
  • Hang Seng Bank Limited ("Hang Seng Bank") and Hang Seng Insurance reserve the right to suspend, vary or terminate the Premium Discount Offer and to amend the terms and conditions of the Premium Discount Offer at any time without prior notice. Hang Seng Bank and Hang Seng Insurance also reserve the right of final decision on all matters relating to the above offers, which shall be binding on all parties concerned.
Enjoy 10-month premium waiver for Cancer Protection
Hang Seng Olive Wellness App Your always-on Health Companion
Download now for access to health information, services and rewards, and enjoy up to an 8.8X extra Cash Dollars Rebate* upon successful application for any Designated Life Insurance Plans.
Enjoy 10-month premium waiver for Cancer Protection
Details: hangseng.com/olive-offer
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*To borrow or not to borrow? Borrow only if you can repay! 


Terms and Conditions apply, please note the relevant product risks. The relevant Life Insurance Plans are underwritten by Hang Seng Insurance Company Limited.
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