MaxiPlus Annuity Life Insurance Plan

Retirement doesn’t stop you from enjoying your new life

Successfully apply to enjoy first-year premium discount.

Terms and Conditions apply. Please note the relevant product risks.
Plan overview

MaxiPlus Annuity Life Insurance Plan is a life insurance plan and is not a bank deposit. It is underwritten by Hang Seng Insurance Company Limited. You can choose an accumulation period as short as 1 year with 3-year payment terms for up to 30 years Annuity Period which can help you to plan your retirement life easily. 

Key features

During the Annuity Period, MaxiPlus Annuity Life Insurance Plan (“MaxiPlus”) will provide Monthly Guaranteed Annuity Income, which grows by 5% per annum.

 

In addition, an Annual Guaranteed Bonus which is equivalent to the prevailing Monthly Guaranteed Annuity Income will be payable at the end of each Policy Year after the commencement of Annuity Period.

 

A Special Guaranteed Bonus which is equivalent to 5 times of the prevailing Monthly Guaranteed Annuity Income will be payable at the end of every 10 completed Policy Years from and after the commencement of Annuity Period.

 

You may choose to receive Annuity Income in cash or to retain it in the Policy for accumulating interest, and reaping potential upside returns over a period of time. 

In the event of policy termination, MaxiPlus will pay a lump-sum non-guaranteed Terminal Dividend to you or the Beneficiary(ies), bolstering your potential returns.

If the Life Insured passes away while the policy is in force, the Beneficiary(ies) will receive a Death Benefit which helps relieve the financial burden.

 

The Beneficiary(ies) may receive the Death Benefit in a lump-sum payment, after which the policy will be terminated. Alternatively, if the Life Insured passes away during the Annuity Period and all premiums have been paid up, the Policyholder may opt to have the Beneficiary(ies) continue receiving the remaining Annuity Income until the end of the Policy.

Free supplementary benefits, including: Accidental Death Benefit, Accelerated Death Benefit and Unemployment Benefit (not applicable to Aggregate Premium Policy)

As long as you are eligible for applying MaxiPlus, you will not be required to undergo medical examination regardless of your underwriting history, occupation, health and financial status. Acceptance is guaranteed.

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.
 

Download form

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

Need more help?
Call us (Policy enquiry)
Other points to note
  1. The MaxiPlus Annuity 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 products are those of Hang Seng Insurance Company Limited, not Hang Seng Bank.
  2. 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.
  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 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.
  6. 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.