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Insurance & MPF > Life Insurance > Mortgage Life Protection Plan
Mortgage Life Protection Plan
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Mortgage Protection Plan, Shelters Your Family with Peace of Mind. Mortgage Life Protection Plan provides you with comprehensive mortgage protection and safeguards for the peace of mind of you and your family. You and your family will not worry about mortgage repayment in the event of unfortunate circumstances.

Remark: Please refer to the product brochure for detailed terms and conditions and exclusions.

 
Features
  • Premium Discount for Joint Applicants
    If the deed is under joint title, you and your spouse can apply for the Plan jointly to enjoy a 15% premium discount.
  • Death Benefit
    In the unfortunate event of death of the Life Insured (sole or joint) caused by an accident or illness, a lump sum benefit will be distributed to the beneficiary(ies) for repaying the mortgage. So your family home can be safeguarded for the peace of mind of you and your loved ones.
  • Fixed Premium for Better Budget Certainty
    The premium will remain level during the policy term to give you more budget certainty. The policy term can vary from 5 to 30 years, based on your outstanding mortgage term.
  • Supplemental Benefits
    Free supplemental benefits:
    • Waiver of Premium on Disability Benefit
    • Loan Repayment on Disability Benefit
    • Unemployment Benefit
 

Remark: Please refer to the product brochure for detailed terms and conditions and exclusions.

Hotline Information
Application Hotline:
  • Life Insurance: (852) 2198 7838
  • Refundable Life Insurance: (852) 2998 8080
  • General Insurance: (852) 2998 9888
  • Medical Insurance (Bupa): (852) 2998 9886

Policy Enquiry Hotline:
  • Life Insurance: (852) 2596 6262
  • Travelsure, Home Care & other General Insurance (QBE): (852) 2828 3138
  • Medical Insurance (Bupa - Essential): (852) 2517 5588
  • Medical Insurance (Bupa - Excel / Global Supreme): (852) 2517 5688
Important Notes

This Plan is also applicable to other property mortgages including commercial properties.

The Mortgage Life Protection Plan is underwritten by Hang Seng Insurance Company Limited, which is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank is an insurance agent authorised by Hang Seng Insurance Company Limited and the product is a product of Hang Seng Insurance Company Limited, 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 Company Limited and you directly.

The above information is intended as a general summary of information only. Please refer to the actual policy for the exact terms, conditions and exclusions of the Plan.

You understand that this Plan is underwritten by Hang Seng Insurance Company Limited. You have to pay premium to Hang Seng Insurance Company Limited for your application for this Plan. The premium includes various fees and charges such as insurance cost (e.g. cost of death benefit determined formulated according to the mortality rate that is affected by sex and age of the insured person) and policy administration charges, etc. You also understand that Hang Seng Insurance Company Limited will pay commissions and sales incentives to “Hang Seng Bank” for marketing this Plan. The current remuneration system that “Hang Seng Bank” adopts is a measurement of the staff’s overall performance instead of focusing on sales production only.