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Guaranteed Cash Value up to 120.2%[1] upon maturity
Plan Currency: HKD / USD / RMB
#FamGoals! Guaranteed annual return uplifted to 4.2% for 5 years, get insured with extra designated life insurance plans to earn up to HKD$50 e-voucher.
5-Year eEndowment Life Insurance Plans – The Choice 5-Year Life Insurance Plan (HKD) / (USD) and ImperialDragon (RMB) Life Insurance Plan are life insurance plans with saving element underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”). These plans 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. You no longer have to spend time on the comparison of endowment life insurance plan. Application is easy - simply submit your application online.
Only 3 simple steps to apply online – Quote > Apply > Payment
The plans provide 3 currency options, enable the Policyholder of endowment life insurance plan to achieve the saving goal by 5 years with 2 years premium payment period at ease.
A short premium payment period of 2 years with your preferred payment mode (monthly or annual payment mode).
There are 4 choices of premium option to suit your saving plan.
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 Guaranteed Death Benefit equal to 101% of the Total Premiums 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).
In the unfortunate event of the accidental death of the Life Insured while the policy is in force, in addition to the above Guaranteed Death Benefit, the beneficiary(ies) will receive the Accidental Death Benefit, which equals to 30% of the Total Premiums Paid under the Basic Plan less indebtedness (if any).
Are you worrying that you may need to withdraw your endowment life insurance plan if you are unemployed? Actually, Hang Seng’s endowment life insurance plan provides unemployment benefit. If you are unemployed for at least 30 consecutive days in the unfortunate event of dismissal by reason of redundancy while the Policy is in force, you can apply for temporary suspension of payment of the premium due to a maximum of 365 days from the first premium payment due date after unemployment. Throughout this period, the Life Insured can still enjoy all the benefits as specified in the policy.
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 enrollment.
If you wish to know more such as about product coverage, product risk and exclusions, please read the Product Brochure – The Choice 5-Year Life insurance Plan (HKD), Product Brochure – The Choice 5-Year Life Insurance Plan (USD) or Product Brochure – ImperialDragon (RMB) Life Insurance Plan .
5 years
1 year
2 years
1 year
Up to:
3.90% (HKD) /
4.20% (USD) /
3.01% (RMB)
Up to:
4.01% (HKD) /
4.61% (USD) /
2.68% (RMB)
HKD / USD / RMB
HKD / USD / RMB
Annual or monthly payment mode
Single Premium
Annual mode[2]
HKD Plan
HKD7,200 / HKD12,000 / HKD36,000 / HKD60,000 / HKD120,000 / HKD180,000 / HKD360,000
USD Plan
USD900 / USD1,500 / USD4,500 / USD7,500 / USD15,000 / USD22,500 / USD45,000
RMB Plan
RMB36,000 / RMB60,000 / RMB120,000 / RMB180,000 / RMB360,000
Monthly mode
HKD Plan
HKD600 / HKD1,000 / HKD3,000 / HKD5,000 / HKD10,000 / HKD15,000 / HKD30,000
USD Plan
USD75 / USD125 / USD375 / USD625 / USD1,250 / USD1,875 / USD3,750
RMB Plan
RMB3,000 / RMB5,000 / RMB10,000 / RMB15,000 / RMB30,000
Single Premium
HKD Plan
HKD60,000 / HKD80,000 / HKD120,000 / HKD180,000
USD Plan
USD7,500 / USD10,000 / USD15,000 /USD22,500
RMB Plan
RMB60,000 / RMB80,000 / RMB120,000 / RMB180,000 / RMB250,000 / RMB500,000
Equals to 101% of Total Premium Paid for the Basic Plan as at the date of the death of the Life Insured less indebtedness (if any)
Equals to 101% of Total Premium Paid for the Basic Plan as at the date of the death of the Life Insured less indebtedness (if any)
Equals to 30% of Total Premiums Paid under the Basic Plan less indebtedness (if any)
Equals to 10% of Total Premiums Paid under the Basic Plan less indebtedness (if any)
The above information is intended as a general summary of endowment life insurance of Hang Seng Insurance for reference only. It shall not be construed as an offer to sell or solicitation of an offer or recommendation of any products. Customer should explore short term endowment life insurance based on their insurance needs and affordability, and no advice has been given by Hang Seng Bank.
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.
Year 1
Enrolment of plan and accumulation period starts
First year premium: HKD54,480(with premium discount*)
Year 2
Accumulation period continues
Second year premium: HKD59,999.9(with no premium discount)
Year 3 to Year 4
Accumulation period continues
Year 5
End of accumulation period – Receive Guaranteed Cash Value upon maturity at the fifth year
HKD135,888
With total premiums paid in the first 2 years, customers can enjoy up to 3.90% annualized return and receive up to 118.7% Guaranteed Cash Value upon maturity.
*Assume the Premium Discount is around 9.2%
You may choose to pay your premiums in HKD or policy currency.
Policy currency |
Payment currency |
|---|---|
| HKD | HKD |
| USD | USD or HKD |
| RMB | RMB or HKD |
If you choose to pay your premiums for your non-HKD policy in HKD, currency conversion is subject to the market-based prevailing exchange rate as determined by Hang Seng Insurance Company Limited (“Hang Seng Insurance”) on the premium payment date when processing the premium payment. This exchange rate is subject to market fluctuation and will have a direct impact on the amount of the premium payment in HKD. Please ensure there are sufficient funds for premium payments in your designated payment account[3] to avoid service charges incurred due to insufficient funds.
Yes, you may apply online for more than one Hang Seng Insurance’s 5-Year eEndowment Life Insurance Plan policy.
If you would like to apply more than one The Choice 5-Year Life Insurance Plan policy (HKD /USD) policy, please note that your total premium paidpoint1 for all life insurance plans in Hang Seng Insurance cannot exceed HKD40,000,000 or USD5,000,000.
If you would like to apply for more than one ImperialDragon (RMB) Life Insurance Plan policy, please note that your total premium paid for the Plan through Hang Seng Insurance cannot exceed RMB11,000,000.
The Choice 5-Year Life Insurance Plan (HKD/ USD) and ImperialDragon (RMB) Life Insurance Plan accept only online application currently.
The rate is different because the return rate in the online quote result included the first year premium discount. Please refer to the online quote result.
You may choose to pay your premiums in HKD or policy currency.
Policy currency |
Payment currency |
|---|---|
| HKD | HKD |
| USD | USD or HKD |
| RMB | RMB or HKD |
If you choose to pay your premiums for your non-HKD policy in HKD, currency conversion is subject to the market-based prevailing exchange rate as determined by Hang Seng Insurance Company Limited (“Hang Seng Insurance”) on the premium payment date when processing the premium payment. This exchange rate is subject to market fluctuation and will have a direct impact on the amount of the premium payment in HKD. Please ensure there are sufficient funds for premium payments in your designated payment account[3] to avoid service charges incurred due to insufficient funds.
Yes, you may apply online for more than one Hang Seng Insurance’s 5-Year eEndowment Life Insurance Plan policy.
If you would like to apply more than one The Choice 5-Year Life Insurance Plan policy (HKD /USD) policy, please note that your total premium paidpoint1 for all life insurance plans in Hang Seng Insurance cannot exceed HKD40,000,000 or USD5,000,000.
If you would like to apply for more than one ImperialDragon (RMB) Life Insurance Plan policy, please note that your total premium paid for the Plan through Hang Seng Insurance cannot exceed RMB11,000,000.
The rate is different because the return rate in the online quote result included the first year premium discount. Please refer to the online quote result.
The Choice 5-Year Life Insurance Plan (HKD/ USD) and ImperialDragon (RMB) Life Insurance Plan accept only online application currently.
Once you complete the online 5-Year eEndowment Life Insurance Plan application form, you will be asked to confirm and verify your details on a preview page. The same day, a confirmation email will be sent to the email address you provided in your application, assuring you that your application has been received.
We will notify you regarding the application notification by sending a SMS to your default mobile number on record at Hang Seng Bank after 7-10 working days under normal circumstances, and the policy will be delivered to your default postal address on record at Hang Seng Bank once your application has been approved. This simplified process frees you from the hassle of typical insurance applications. You can also call our hotline at (852) 2198 7838 for queries.
Our 5-Year eEndowment Life Insurance Plan offers a grace period of 30 days for payment of any premium when due. If a premium is not paid by the end of the grace period, the policy will immediately lapse.
If you are a Hang Seng Bank Personal e-Banking customer, you can manage your policy(ies) and check policy information 24/7 via Personal e-Banking (Insurance Overview). You may also call our hotline at (852) 2596 6262 for queries about your policy.
You can find all the forms and documents here for our insurance products.
Service hours:
Mon to Fri: 9:00am to 5:45pm
Sat: 9:00am to 1:15pm
Closed on Sunday and Public Holidays