Mortgage Life Protection Plan

Rest assured to enjoy

Every moment of life with your family

Plan overview

Mortgage Life Protection Plan ("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").

Mortgage Life Protection Plan, Shelters Your Family with Peace of Mind. The 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.

Key features

If the deed is under joint title, you and your spouse can apply for the Plan jointly to enjoy a 15% premium discount.

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.

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.

Free Supplemental Benefits, including: Waiver of Premium on Disability Benefit, Loan Repayment on Disability Benefit, and Unemployment Benefit.

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

Make a claim
Claim procedures

Find details on how to submit your claim and more.

Download form

You can find all the forms and documents here for our insurance products.

Useful Information
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Other point(s) to note
  1. The Plan is also applicable to other property mortgages including commercial properties.
  2. The Mortgage Life Protection Plan ("the Plan") is underwritten by Hang Seng Insurance Company Limited, which is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank Limited 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.
  3. 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.
  4. 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.
  5. You understand that the Plan is underwritten by Hang Seng Insurance Company Limited. You have to pay premium to Hang Seng Insurance Company Limited for your application for the 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.
  6. Please refer to the product brochure for detailed terms and conditions and exclusions.
Remark(s)