Fees and charges summary of Life Insurance Products
Life Insurance Products
For life insurance products, part of the premium pays for the insurance and related costs.
For the single payment of the below insurance plans, if you cancel the policy or partial surrender the policy during the policy term, the balance of single payment will be paid subject to a surrender charge at a rate determined by HSBC Life (International) Limited from time to time. The charge rates below are for reference only. The actual surrender charge rate may be different from the rate shown in the table below.
By end of policy year |
1 |
2 |
3 |
4 |
5 |
6-10 |
|---|---|---|---|---|---|---|
5-year payment term |
10% |
8% |
6% |
4% |
2% |
|
By end of policy year |
5-year payment term |
|---|---|
1 |
10% |
2 |
8% |
3 |
6% |
4 |
4% |
5 |
2% |
6-10 |
|
By end of policy year |
1 |
2 |
3 |
4 |
5 |
6-9 |
10 |
|---|---|---|---|---|---|---|---|
5-year payment term |
10% |
8% |
6% |
4% |
|
|
|
10-year payment term |
20% |
18% |
16% |
14% |
12% |
5% |
|
Other payment term |
20% |
18% |
16% |
14% |
12% |
5% |
5% |
By end of policy year |
5-year payment term |
|---|---|
1 |
10% |
2 |
8% |
3 |
6% |
4 |
4% |
5 |
|
6-9 |
|
10 |
|
By end of policy year |
10-year payment term |
1 |
20% |
2 |
18% |
3 |
16% |
4 |
14% |
5 |
12% |
6-9 |
5% |
10 |
|
By end of policy year |
Other payment term |
1 |
20% |
2 |
18% |
3 |
16% |
4 |
14% |
5 |
12% |
6-9 |
5% |
10 |
5% |
By end of policy year |
1 |
2 |
3 |
4 |
5 |
6-10 |
|---|---|---|---|---|---|---|
5-year payment term |
10% |
8% |
6% |
4% |
2% | |
By end of policy year |
5-year payment term |
|---|---|
1 |
10% |
2 |
8% |
3 |
6% |
4 |
4% |
5 |
2% |
6-10 |
|
By end of policy year |
1 |
2 |
3 or after |
|---|---|---|---|
3-year payment term |
6% |
4% |
|
By end of policy year |
3-year payment term |
|---|---|
1 |
6% |
2 |
4% |
3 or after |
|
For the below insurance plans, if you cancel the policy during the policy term, the account value can be reduced subject to a surrender charge at a fixed rate determined by HSBC Life (International) Limited.
During Policy Year |
Surrender Charge rate for Single premium |
Surrender Charge rate for 5-year premium payment |
|---|---|---|
1 |
11% |
45% |
2 |
10% |
20% |
3 |
9% |
13% |
4 |
8% |
10% |
5 |
6% |
6% |
6 |
5% |
5% |
7 |
4% |
4% |
8 |
3% |
3% |
9 |
2% |
2% |
10 |
1% |
1% |
11 and thereafter |
0% |
0% |
During Policy Year |
1 |
|---|---|
Surrender Charge rate for Single premium |
11% |
Surrender Charge rate for 5-year premium payment |
45% |
During Policy Year |
2 |
Surrender Charge rate for Single premium |
10% |
Surrender Charge rate for 5-year premium payment |
20% |
During Policy Year |
3 |
Surrender Charge rate for Single premium |
9% |
Surrender Charge rate for 5-year premium payment |
13% |
During Policy Year |
4 |
Surrender Charge rate for Single premium |
8% |
Surrender Charge rate for 5-year premium payment |
10% |
During Policy Year |
5 |
Surrender Charge rate for Single premium |
6% |
Surrender Charge rate for 5-year premium payment |
6% |
During Policy Year |
6 |
Surrender Charge rate for Single premium |
5% |
Surrender Charge rate for 5-year premium payment |
5% |
During Policy Year |
7 |
Surrender Charge rate for Single premium |
4% |
Surrender Charge rate for 5-year premium payment |
4% |
During Policy Year |
8 |
Surrender Charge rate for Single premium |
3% |
Surrender Charge rate for 5-year premium payment |
3% |
During Policy Year |
9 |
Surrender Charge rate for Single premium |
2% |
Surrender Charge rate for 5-year premium payment |
2% |
During Policy Year |
10 |
Surrender Charge rate for Single premium |
1% |
Surrender Charge rate for 5-year premium payment |
1% |
During Policy Year |
11 and thereafter |
Surrender Charge rate for Single premium |
0% |
Surrender Charge rate for 5-year premium payment |
0% |
During Policy Year |
Surrender Charge rate for Single premium |
Surrender Charge rate for 5-year premium payment |
|---|---|---|
1 |
12% |
55% |
2 |
11% |
22% |
3 |
10% |
15% |
4 |
8% |
10% |
5 |
6% |
6% |
6 |
4% |
4% |
7 |
2% |
2% |
8 |
1% |
1% |
9 and thereafter |
0% |
0% |
During Policy Year |
1 |
|---|---|
Surrender Charge rate for Single premium |
12% |
Surrender Charge rate for 5-year premium payment |
55% |
During Policy Year |
2 |
Surrender Charge rate for Single premium |
11% |
Surrender Charge rate for 5-year premium payment |
22% |
During Policy Year |
3 |
Surrender Charge rate for Single premium |
10% |
Surrender Charge rate for 5-year premium payment |
15% |
During Policy Year |
4 |
Surrender Charge rate for Single premium |
8% |
Surrender Charge rate for 5-year premium payment |
10% |
During Policy Year |
5 |
Surrender Charge rate for Single premium |
6% |
Surrender Charge rate for 5-year premium payment |
6% |
During Policy Year |
6 |
Surrender Charge rate for Single premium |
4% |
Surrender Charge rate for 5-year premium payment |
4% |
During Policy Year |
7 |
Surrender Charge rate for Single premium |
2% |
Surrender Charge rate for 5-year premium payment |
2% |
During Policy Year |
8 |
Surrender Charge rate for Single premium |
1% |
Surrender Charge rate for 5-year premium payment |
1% |
During Policy Year |
9 and thereafter |
Surrender Charge rate for Single premium |
0% |
Surrender Charge rate for 5-year premium payment |
0% |
Note: If you surrender your policy before the end of the policy term, the amount you get back may be less than what you have paid.
For detailed fees and charges information, please refer to the product brochure and policy provisions for respective products.
Fees and charges summary of General Insurance Products
Re-issuance of China Hospital Deposit Guarantee Card |
Re-issuance of FirstCare / FirstCare Plus Medical Card |
Re-issuance of Outpatient Care Card |
Re-issuance of China Medical Card |
Re-issuance of FirstCare / FirstCare Plus Body Check Redemption Letter1 |
Fire Insurance Valuation Service2 |
|---|---|---|---|---|---|
HKD 30 |
HKD 50 |
HKD 50 |
HKD 50 |
HKD 100 |
HKD 700 |
Re-issuance of China Hospital Deposit Guarantee Card |
HKD 30 |
|---|---|
Re-issuance of FirstCare / FirstCare Plus Medical Card |
HKD 50 |
Re-issuance of Outpatient Care Card |
HKD 50 |
Re-issuance of China Medical Card |
HKD 50 |
Re-issuance of FirstCare / FirstCare Plus Body Check Redemption Letter1 |
HKD 100 |
Fire Insurance Valuation Service2 |
HKD 700 |
Period of the Policy has been in force exceeding |
Period of the Policy has been in force not exceeding |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
|---|---|---|
|
5 days |
2.5% of annual premium |
5 days |
15 days |
5% |
15 days |
1 month |
10% |
1 month |
45 days |
15% |
45 days |
2 months |
20% |
2 months |
3 months |
30% |
3 months |
4 months |
40% |
4 months |
5 months |
50% |
5 months |
6 months |
60% |
6 months |
7 months |
70% |
7 months |
8 months |
80% |
8 months |
9 months |
85% |
9 months |
10 months |
90% |
10 months |
11 months |
95% |
11 months |
Full annual premium |
Period of the Policy has been in force exceeding |
|
|---|---|
Period of the Policy has been in force not exceeding |
5 days |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
2.5% of annual premium |
Period of the Policy has been in force exceeding |
5 days |
Period of the Policy has been in force not exceeding |
15 days |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
5% |
Period of the Policy has been in force exceeding |
15 days |
Period of the Policy has been in force not exceeding |
1 month |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
10% |
Period of the Policy has been in force exceeding |
1 month |
Period of the Policy has been in force not exceeding |
45 days |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
15% |
Period of the Policy has been in force exceeding |
45 days |
Period of the Policy has been in force not exceeding |
2 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
20% |
Period of the Policy has been in force exceeding |
2 months |
Period of the Policy has been in force not exceeding |
3 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
30% |
Period of the Policy has been in force exceeding |
3 months |
Period of the Policy has been in force not exceeding |
4 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
40% |
Period of the Policy has been in force exceeding |
4 months |
Period of the Policy has been in force not exceeding |
5 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
50% |
Period of the Policy has been in force exceeding |
5 months |
Period of the Policy has been in force not exceeding |
6 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
60% |
Period of the Policy has been in force exceeding |
6 months |
Period of the Policy has been in force not exceeding |
7 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
70% |
Period of the Policy has been in force exceeding |
7 months |
Period of the Policy has been in force not exceeding |
8 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
80% |
Period of the Policy has been in force exceeding |
8 months |
Period of the Policy has been in force not exceeding |
9 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
85% |
Period of the Policy has been in force exceeding |
9 months |
Period of the Policy has been in force not exceeding |
10 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
90% |
Period of the Policy has been in force exceeding |
10 months |
Period of the Policy has been in force not exceeding |
11 months |
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
95% |
Period of the Policy has been in force exceeding |
11 months |
Period of the Policy has been in force not exceeding |
|
Rate(shown in percentage of annual premium or min. HKD400, whichever is higher) |
Full annual premium |
Single Trip TravelSurance - minimum extension charge
The minimum additional premium for every period extension3 of each policy is HK$30.
3 For Single Trip TravelSurance, duration of the period should be no longer than 366 days.
The above charges may be revised from time to time.