• (1) The Total Relationship Balance is the monthly aggregate balance of the daily average of all deposits, gold accounts, securities, investment funds, utilized overdraft facilities, credit card cash advances, outstanding balance of personal loans and the accumulated premiums paid for the designated life insurance plans distributed by Hang Seng Bank as an agent as well as Hang Seng MPF balance. For sole name Integrated Account holders, their other joint name account(s) will also be included.

Disclosure of information

• (1) The promotion period is from 1 July 2018 to 31 December 2018 (the “Promotion Period”), both dates inclusive.
• (2) This offer is only applicable to customers who have opened M.I. Kid AssetBuilder Account at any branch of Hang Seng Bank Limited (the “Bank”) or via Hang Seng Personal e-Banking (the "Eligible M.I. Kid Customer(s)").
• (3) To be eligible for the Preferential HKD Time Deposit Interest Rate up to 2.18%, Eligible M.I. Kid Customers are required to set up a Time Deposit for 12-month with New Funds at the below designated currency and deposit amount at any branch.
  

  Designated Currency	Designated Deposit Amount	Interest Rate
  HKD	HK$10,000 – HK$500,000	Up to 2.18%

• (4) "New Funds" refer to funds newly deposited into the Bank using a cheque drawn on any other bank, inward CHATS or T/T during the Promotion Period, thereby increasing the aggregate deposits placed by the customer with the Bank. For clarification of the definition of “New Funds”, please contact the Bank’s staff. In case of any disputes in relation to the definition of “New Funds”, the decision of the Bank shall be final.
• (5) The above offer is not applicable to the renewal of time deposit and cannot be used in conjunction with other interest rate offers for the same currency.
• (6) Deposit interest rate will be calculated on the basis of 365 days in a year.
• (7) Interest rates are subject to review according to changes in market conditions from time to time. Before making the relevant transaction, please check with our branch staff for the effective rates applicable to the transaction.
• (8) These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
• (9) These Terms and Conditions are subject to prevailing regulatory requirements.
• (10) No person other than the Eligible M.I. Kid Customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these terms and conditions.
• (11) The Bank reserves the right to suspend, vary and terminate this promotion and the relevant offer at any time and to amend the relevant terms and conditions from time to time without prior notice. The decision of the Bank on all matters relating to this promotion and the relevant offer shall be final and binding on all parties concerned
• (12) This offer is subject to the terms and conditions of relevant products or services. If there is any discrepancy between the terms and conditions of relevant products or services and these terms and conditions, these terms and conditions shall prevail. In case of any discrepancy between the English and the Chinese version of these terms and conditions, the English version shall prevail.

Life Insurance Plans

• 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 CNY is currently not freely convertible and conversion of CNY may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.
  
  The above mentioned life insurance plans are 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 plans.
  
  You understand that the plans are underwritten by Hang Seng Insurance Company Limited. You have to pay premium to Hang Seng Insurance Company Limited for your application for the plans. 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. For details, please call 2198 7838.