*This is Annualized Return of USD plan in annual payment mode with first year premium discount included. Terms and conditions apply, please note the relevant product risks. The above life insurance plan is underwritten by Hang Seng Insurance Company Limited

5-Year eEndowment Life Insurance Plan (Online Version)

Apply Online 

5-Year eEndowment plans – The Choice 5-Year Life Insurance Plan (HKD) and (USD) are life insurance plans with saving element underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”). They are neither bank deposit nor banking saving plan but designed as a short policy term of 5-year life protection and provide a Guaranteed Cash Value upon maturity to help you to achieve your financial goals with greater ease. Application is easy - simply submit your application online.

Apply Online 

 

Application Eligibility/ Requirement

  • 5-year eEndowment plans are only available to tax resident of Hong Kong aged between 18 – 60, applicant also needs to possess valid Hong Kong Identity Card and Hang Seng bank account.
  • Premium payment should be debited from customer’s Hang Seng Bank account or authorized credit card account.
Product Features

Guaranteed Return – Upon maturity up to 115% of Total Premium Paid

The plans provide 2 currency options, enable the Policyholder to achieve the saving goal by 5 years with 2 years premium payment period at ease.

  • The Choice 5-year Life Insurance Plan (HKD): With 1st year premium discount, you can enjoy up to 3.0% annualized guaranteed rate of return, with Guaranteed Cash Value of 114% of the Total Premium Paid upon maturity
  • The Choice 5-year Life Insurance Plan (USD): With 1st year premium discount, you can enjoy up to 3.2% annualized guaranteed rate of return, with Guaranteed Cash Value of 115% of the Total Premium Paid upon maturity

Payment Modes

A short premium payment period of 2 years with your preferred payment mode (monthly or annual payment mode).

Choice of Premium Level

There are 5 choices of premium payment to suit your saving plan.
Annual mode# (HKD): $36,000/ $60,000/ $120,000/ $180,000/ $360,000
Annual mode# (USD): $4,500/ $7,500/ $15,000/ $22,500/ $45,000
Monthly mode (HKD): $3,000/ $5,000/ $10,000/ $15,000/ $30,000
Monthly mode (USD): $375/ $625/ $1,250/ $1,875/ $3,750

Life Protection for Extra Assurance

In the unfortunate event of the death of the Life Insured while the policy is in force, the beneficiary(ies) will receive a lump-sum payment of Death Benefit equal to 101% of the Total Premium Paid for the Basic Plan as at the date of the death of the Life Insured or 101% of Guaranteed Cash Value (whichever is greater), less indebtedness (if any).

*5-Year eEndowment Life Insurance Plan (Online Version) is limited offer only. “Hang Seng Insurance” reserves the right to stop online applications of the Plan without prior notice. “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 online enrolment.

 #For Annual Mode, there will be within 0.001% difference between the actual premium figures and the quoted premium amount due to rounding up of the system setting. 

Supplemental Benefits
 
Example
 
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How to achieve your saving goal?

Mr. Chan wants to purchase his first car but does not have enough savings, so he chooses to enroll “The Choice 5-Year Life Insurance Plan (HKD)” and selects HKD60,000 annual payment mode to accumulate wealth at ease.

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With total premium paid in the first 2 years, customers can enjoy up to 3.0% annualized return and receive up to 114% Guaranteed Cash Value upon maturity.

*Assume the Premium Discount is around 6%.

Only 3 simple steps to apply online:
For more details, you may download the below files
Important Notes:

The Choice 5-Year Life Insurance Plan (HKD) and (USD) are underwritten by Hang Seng Insurance. Hang Seng Insurance is authorized and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank Limited (“Hang Seng Bank”) is an insurance agent authorized by Hang Seng Insurance and the insurance products are products of Hang Seng Insurance 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 and you directly.


The above information is intended as a general summary of information for reference only. It shall not be construed as an offer to sell or solicitation of an offer or recommendation to purchase or sale or provision of any products of Hang Seng Insurance outside Hong Kong. Please refer to the actual policy for the exact terms, conditions and exclusions of the Plan.