Guaranteed Cash Value up to 116.7% upon maturity
Plan Currency: HKD / USD / RMB
|[Limited Quota] Successfully apply for the 5-Year eEndowment Life Insurance Plan to enjoy up to 116.7% guaranteed cash value upon maturity plus a free additional COVID-19 Benefit.|
5-Year eEndowment Life Insurance Plans – The Choice 5-Year Life Insurance Plan (HKD) / (USD) and ImperialDragon (RMB) Life Insurance Plan are life insurance plans with saving element underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”). These plans are neither bank deposit nor banking saving plan but designed as a short policy term of 5-year life protection and provide a Guaranteed Cash Value upon maturity to help you to achieve your financial goals with greater ease. You no longer have to spend time on the comparison of endowment life insurance plan. Application is easy - simply submit your application online.
Only 3 simple steps to apply online – Quote > Apply > Payment
5-Year eEndowment Life Insurance Plan (Online Version) is limited offer only. “Hang Seng Insurance” reserves the right to stop online applications of the Plan without prior notice. “Hang Seng Insurance” reserves the right to accept or decline any applications for the Plan based on the information provided by the Life Insured and / or Policyholder during online enrollment.
If you wish to know more such as about product coverage, product risk and exclusions, please read the Product Brochure – The Choice 5-Year Life insurance Plan (HKD), Product Brochure – The Choice 5-Year Life Insurance Plan (USD) or Product Brochure – ImperialDragon (RMB) Life Insurance Plan .
Mr. Chan wants to purchase his first car but does not have enough savings, so he chooses to enroll The Choice 5-Year Life insurance Plan (HKD) and selects HKD60,000 annual payment mode to accumulate wealth at ease.
Enrolment of plan and accumulation period starts
First year premium: HKD58,433.9(with premium discount*)
Accumulation period continues
Second year premium: HKD59,999.9(with no premium discount)
Year 3 to Year 4
Accumulation period continues
End of accumulation period – Receive Guaranteed Cash Value upon maturity at the fifth year
HKD130,036 (109.8% of total premium paid)
With total premiums paid in the first 2 years, customers can enjoy up to 2.1% annualized return and receive up to 109.8% Guaranteed Cash Value upon maturity.
*Assume the Premium Discount is around 2.61%
You may choose to pay your premiums in HKD or policy currency.
|USD||USD or HKD|
|RMB||RMB or HKD|
If you choose to pay your premiums for your non-HKD policy in HKD, currency conversion is subject to the market-based prevailing exchange rate as determined by Hang Seng Insurance Company Limited (“Hang Seng Insurance”) on the premium payment date when processing the premium payment. This exchange rate is subject to market fluctuation and will have a direct impact on the amount of the premium payment in HKD. Please ensure there are sufficient funds for premium payments in your designated payment account to avoid service charges incurred due to insufficient funds.
Yes, you may apply online for more than one Hang Seng Insurance’s 5-Year eEndowment Life Insurance Plan policy.
If you would like to apply more than one The Choice 5-Year Life Insurance Plan policy (HKD /USD) policy, please note that your total premium paidfor all life insurance plans in Hang Seng Insurance cannot exceed HKD40,000,000 or USD5,000,000.
If you would like to apply for more than one ImperialDragon (RMB) Life Insurance Plan policy, please note that your total premium paid for the Plan through Hang Seng Insurance cannot exceed RMB11,000,000.
The rate is different because the return rate in the online quote result included the first year premium discount. Please refer to the online quote result.
The Choice 5-Year Life Insurance Plan (HKD/ USD) and ImperialDragon (RMB) Life Insurance Plan accept only online application currently.
Once you complete the online 5-Year eEndowment Life Insurance Plan application form, you will be asked to confirm and verify your details on a preview page. The same day, a confirmation email will be sent to the email address you provided in your application, assuring you that your application has been received.
We will notify you regarding the outcome by sending a SMS to your default mobile number on record at Hang Seng Bank after five to seven working days, and the policy will be delivered to your default postal address on record at Hang Seng Bank once your application has been approved. This simplified process frees you from the hassle of typical insurance applications. You can also call our hotline at (852) 2198 7838 for queries.
Our 5-Year eEndowment Life Insurance Plan offers a grace period of 30 days for payment of any premium when due. If a premium is not paid by the end of the grace period, the policy will immediately lapse.