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Insurance & MPF > Life Insurance > MaxiAnnuity Life Insurance Plan
MaxiAnnuity Life Insurance Plan 
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MaxiAnnuity Life Insurance Plan (“MaxiAnnuity” or “the Plan”) is a life insurance plan and is not a bank deposit. It is underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”).

 

When you are aware of your retirement direction, you can practically plan ahead for your retirement. MaxiAnnuity Life Insurance Plan (“MaxiAnnuity” or “the Plan”) provides flexible annuity options and different payment options. You can choose among different payment terms and accumulation period to enjoy an Income Period of 20 years. To enjoy a fruitful retirement life, you can even receive Annual Guaranteed Bonus on each Policy Anniversary after the commencement of Income Period and receive Special Guaranteed Bonus on the 10th and 20th Policy Anniversary after the commencement of Income Period.

  • Stability for a Worry-Free Retirement
    During the Income Period, “MaxiAnnuity” will pay you Annuity Income which is made up of a Monthly Guaranteed Income, and a Monthly Non-guaranteed Income (if any), Annual Guaranteed Bonus (if any) and Special Guaranteed Bonus (if any). The amount of Annual Guaranteed Bonus (if any) is equivalent to the Monthly Guaranteed Income, it is payable on each Policy Anniversary after the commencement of Income Period ; the amount of Special Guaranteed Bonus (if any) is equivalent to five times of the Monthly Guaranteed Income, it is payable on the 10th and 20th Policy Anniversary after the commencement of Income Period.
  • Manage Your Wealth in Your Way
    The Plan provides flexible annuity options. Customers can choose among different payment terms and accumulation period to enjoy an Income Period of 20 years. Customers may choose to receive Annuity Income or to retain the Annuity Income in the Policy for accumulating interest, and reaping potential upside returns over a period of time.
  • Easy Application with Guaranteed Acceptance
    As long as you are eligible for applying “MaxiAnnuity”, regardless of your underwriting history, occupation, health and financial status, you will not be required to undergo medical examination and acceptance is guaranteed.
  • Supplemental Benefits
    Free supplemental benefits:
    • Accidental Death Benefit
    • Unemployment Benefit (Not applicable to Aggregate Premium policy)
    • Terminal Illness Benefit
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

By choosing plans denominated in currencies other than the local currency, you are subject to exchange rate risks. Exchange rates fluctuate from time to time. Upon the currency conversion, you may suffer a loss of your benefit values and the subsequent premium payments (if any) may be higher than your initial premium payment as a result of the exchange rate fluctuations. Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate.

 

The MaxiAnnuity Life Insurance 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 products are those 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.