The Private Car Insurance Plan, is underwritten by QBE General Insurance (Hong Kong) Limited, provides holistic Third-party Legal Liabilities or Comprehensive Protection for your private car. For the latter, compensation will be based on the value of a new vehicle of the same make and model, without deducting for depreciation, if the first year brand-new vehicle suffers total loss in an accident or is stolen within one year of initial registration. Also available is the unlimited windscreen and car window coverage, with the No Claim Discount unaffected. In addition, a 24-hour towing and assistance hotline is offered to provide the Insured Person with total support all the way.
Remark: Please refer to the policy for detailed terms and conditions and exclusions.
|Expiration of Insured Period (on yearly basis)||NCD|
(10% increase each year up to 60%)
|NCD held||After claim (NCD upon policy renewal)|
|40% or below||0%|
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.