DragonPower Life Insurance Plan

Plan overview

The DragonPower Life Insurance Plan ("DragonPower" or “the Plan”) provides high saving potential which combines asset accumulation, legacy planning and whole-life protection to help you accomplish your goals and plan for your future.

Visit one of our branches for plan details and save on time spent comparing various whole life insurance plans.

Key features

  • A change of Life Insured is allowed up to 3 times to fulfil the need for legacy planning, which can ensure stable financial support in the future.
  • The projected total return break-even point can be as short as 5 years

In the event of the death of the Life Insured , the cancellation, lapse or termination of the Policy or Surrender, whether in full or in part of the Policy (whichever is the earliest, a lump-sum non-guaranteed Special Dividend (if any) may become payable to you or your Beneficiary(ies), providing extra potential returns.

While this Whole Life Insurance Policy is in force and after the 10th policy year, the Policyholder has the right to exercise the Policy Value Management Option to lock in a portion of the Plan’s Guaranteed Cash Value and non-guaranteed Special Dividend (if any), which mitigate the impact of fluctuations in the investment market.

The policyholder can withdraw the Policy Value Management Balance under the Policy anytime, increasing the liquidity and flexibility of funds to fulfil the personal and family needs of the Policyholder.

As long as you are eligible to apply for the Plan, regardless of your underwriting history, occupation, health and financial status, you will enjoy guaranteed acceptance without any requirement for medical examination and acceptance.

Application procedure

  1. 1

    Contact your Relationship Manager for enquiry and book a video-enabled meeting

  2. 2

    Our Relationship Manager will support you remotely throughout the entire application process

  3. 3

    Analyse your insurance and financial needs

  4. 4

    Get to know the product details

  5. 5

    Fill in the video remote application form

  6. 6

    Fill in the CRS Individual Self-certification Form

      

Make a claim

Claim procedures

Find details on how to submit your claim and more.
 

Forms and documents centre

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

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Footnote

Other points to note

  1. DragonPower 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.