Business Succession - People Protection - Your Business Operation - Business Banking Services

Your Goal:

Improve business stability with a structured business continuity plan.

Why Life Insurance?

Formulate business succession strategy via proper planning and a cost-effective method.

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Features:

Arrange transfer of your business interests to family members or designated person of your choice

Identify an interested business buyer and set a fair purchase price in advance

Help to settle outstanding liabilities without the need of using own funds

The above general insurance plan (“Plan”) is underwritten by QBE General Insurance (Hong Kong) Limited which is authorised and regulated in Hong Kong by the Insurance Authority. Hang Seng Bank Limited (“Hang Seng Bank”) is an insurance agent authorised by QBE General Insurance (Hong Kong) Limited for the distribution of this Plan. Premiums will be payable to QBE General Insurance (Hong Kong) Limited upon application of this Plan. QBE General Insurance (Hong Kong) Limited would provide Hang Seng Bank commission and performance bonus as remuneration for distribution of this Plan. The existing staff remuneration policy on sales offered by Hang Seng Bank takes into account various aspects of the staff performance instead of focusing solely on the sales amount.

In respect of an eligible dispute arising between the Hang Seng Bank Limited and the customer out of the selling process or processing of the related transaction, Hang Seng Bank Limited is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved directly between QBE General Insurance (Hong Kong) Limited and the customer.

Note:

For more information about the above solutions and services, please contact Hang Seng Bank's Relationship Managers.

The above information is for general reference only and is not intended to constitute advice or a recommendation to buy any of the products /services mentioned above by any prospective customer. For details in relation to the terms and conditions, fees, exclusions and/or disclaimers of the above services or insurance plans, please refer to the sales leaflets, product brochures and policy terms of the relevant services or insurance plans.