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    LifeBetter Critical Illness Life Insurance Plan

    Plan overview

    LifeBetter Critical Illness Life Insurance 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”).

    The Plan covers 132 illnesses in different stages and features Multiple Claims Major Illness Benefit, offers additional protection against the top 3 major Critical Illnesses, so that you can plan ahead to cope with the challenges of multiple strikes of critical illnesses, steadily overcome the difficulties and regain control of your life.

    Key features

    The Plan covers 132 illness conditions in different stages (including 60 Critical Illnesses, 58 Early Critical Illnesses and 14 Severe Child Illnesses) and features Multiple Claims Major Illness Benefit to offers additional protection against the top 3 major Critical Illnesses (Cancer, Heart Attack and Stroke).

    You can enjoy a maximum of 4 additional claims after the Total Claims Paid reaches 100% of the Sum Insured, subject to the Survival Period, before the Life Insured’s Insurance Age of 85.

    During the first 10 Policy Years, the Booster Benefit, which is equal to 60% of the Sum Insured, will be payable together with the Death Benefit or Critical Illness Benefit.

    To receive treatment with peace of mind, without having to worry about losing your protection due to arrears of premium payment, the Plan provides several premium waiver benefits:

    • Critical Illness Premium Waiver Benefit: Once the Total Claims Paid reach 100% of the Sum Insured, the remaining premiums payable for the Basic Plan will be waived.
    • Early Stage Critical Illness Or Severe Child Illness Premium Waiver Benefit: Once the Early Stage Critical Illness Benefit or Severe Child Illness Benefit is paid, the premiums will be waived for 12 months
    • Waiver of Premium on Disability Benefit: If the Life Insured becomes Disabled, all due premiums during the Disabled period will be waived (applicable to the Life Insured’s Insurance Age at Application of 18 or above)
    • Payor’s Benefit: If the Payor passes away or becomes Disabled, all due premiums after the Payor’s death or during the Disabled period will be waived (applicable to the Life Insured’s Insurance Age at Application of 17 or below)

    Death Benefit

    The Plan provides life protection. In the unfortunate event of the death of the Life Insured when the policy is in force, the designated beneficiary(ies) will be paid a Death Benefit.

    Compassionate Death Benefit

    The Plan will pay an extra 5% of the Sum Insured as Compassionate Death Benefit to the designated beneficiaries for immediate financial supports.

    The Plan includes a Guaranteed Cash Value and a non-guaranteed Special Dividend to help enhance your wealth. Hence, in addition to offering protection against critical illnesses, the Plan can also serve as a long-term family fund.

    You can select a payment term of 5, 10, 15 or 20 years according to your own situation. Regardless of the Premium Payment Term, the protection will be valid until Life Insured’s Insurance Age of 99. 

    Premium Payment Term  Life Insured’s Insurance Age at Application
    		 Benefit Term
    5 years
    		 90 days to age 65
    		 Up to Life Insured’s Insurance Age 99
    10 years
    		 90 days to age 60
    15 years
    		 90 days to age 55
    20 years
    		 90 days to age 50

    Remark(s): Please refer to the product brochure for detailed Terms and Conditions and exclusions. And please refer to the Notes on Participating Policy for details of dividend philosophy, investment strategy and historical fulfilment ratio of dividend distribution.

    Make a claim

    Claim procedures

    Find details on how to submit your claim and more.
     

    View details

    Download form

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

    Download form

    Need more help?

    Call us (Policy enquiry)

    (852) 2596 6262

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    Footnote

    Other points to note

    1. LifeBetter Critical Illness Life Insurance 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 (“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.
    2. 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.
    3. 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.
    4. 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 the 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.
    5. Please refer to the Product Brochure for detailed terms and conditions and exclusions. And please refer to the Notes on Participating Policy for details of dividend philosophy, investment strategy and historical fulfilment ratio of dividend distribution.

    Remarks