1 "Potential return" is calculated using the current assumed investment return rate. It includes a projected special bonus which is non-guaranteed. The rate of return as shown above is therefore not guaranteed and is shown for illustration only. This example is based on the assumption of a policy with policy period of over 30 years and it is assumed that the life insured is a 50-year-old non-smoker paying an annual premium over 5 years. The actual return may be higher or lower than the amount quoted.
2 After the 20th Policy Year, if there is no outstanding policy loan or premiums, you may apply to exercise this option to lock in a portion of the Net Cash Value. The amount you choose to lock in is guaranteed upon exercising the Policy Value Management Option and will be allocated to the Policy Value Management Balance to accumulate at a non-guaranteed interest rate, which will be adjusted from time to time at HSBC Life's discretion. The exercise of the Policy Value Management Option is subject to the minimum amount requirements on (i) the Net Cash Value to be allocated per transaction; and (ii) the Policy Amount after the exercise of this option. Such minimum amount requirements are determined by the Company from time to time without prior notice to Policyholder. Please refer to product brochure for details.
3 Critical Illness Benefits consist of Cancer Benefit (Additional Payment), Heart Disease Benefit (Additional Payment) and Stroke Benefit (Additional Payment). Each of these benefits is payable once only and subject to a one-year waiting period from the last claim of any such diseases covered under these benefits. These benefits will terminate when the life insured attains the age4 of 80, payout of the relevant benefit(s) or the policy is terminated (whichever is earlier). Any payments outstanding at the time of Benefit Payment under the policy must be paid to us before we make the relevant Benefit Payment. These benefits will be transferred together with the basic plan to the new life insured provided no claims has been made under the Critical illness Benefits by the original life insured. Please refer to the Policy Provisions for the definitions of cancer, heart disease and stroke. and under what circumstances one may be excluded from the above Benefits Payments. You should consult with professionals or seek professional advice if you are in doubt about the definitions and exclusions.
4 Age means the age of the life insured or the policyholder where applicable at his/her next birthday.
5 Total Basic Plan Premium Paid refers to the total amount of premiums due for the basic plan (whether or not actually paid) as of the date of death of the life insured. If you choose to prepay the required premiums, the balance of the prepaid premiums will not be counted as the Total Basic Plan Premium Paid until such part of premium is due.
6 Each policyholder is entitled to the change of life insured of policy for up to three times after the third policy year or after the end of the premium payment period provided all premiums are fully paid, whichever is later. Critical Illness Benefits3 will be transferred together with the basic plan to the new life insured provided no claims has been made under the Critical Illness Benefits3 by the original life insured. However, if any of these benefits has been claimed by the original life insured before the acceptance of change of life insured, the Critical Illness Benefits3 under this policy shall cease to operate for the new life insured. Change of life insured is subject to evidence of insurability and approval by the Company which is based on the underwriting conditions of the life insured. Any such request will be assessed on case-by-case basis and is at our discretion, with consideration of multiple factors, including but not limited to the change in underlying claim risk, change in policy term, latest economic outlook; and is at our discretion.
7 Terminal Illness Benefit will terminate when the life insured attains the age4 of 65 or when relevant benefits are paid out or the Policy is terminated (whichever is earlier). Your policy will terminate once we pay this benefit. Please refer to the relevant policy provisions for the details of terms and conditions and exclusions.
8 Unemployment Benefit is applicable to any policyholder aged4 between 19 and 64 years who is a Hong Kong Identity card holder. This benefit will terminate on the Policy Anniversary at which the policyholder attains the age4 of 65 years or all due premiums have been paid (whichever is earlier). Such benefit is not applicable to single premium policies. Please refer to the Policy Provisions of the respective Supplementary Benefits for detailed terms and conditions and exclusions.
9 Global Medical Care Services are provided by Preferred Global Health Ltd ("PGH"), a leading global patient care organisation to the life insured of HSBC Health Goal Insurance Plan policy. The Services consist of Personal Care Manager, Diagnosis Verification and Treatment Plan, Doctor-to-Doctor Dialogue and US Care Management services. US Care Management service is only applicable to HSBC Health Goal Insurance Plan policy with Notional Amount12 of USD2 million or more. The Services provided by the organisation or through the service providers arranged by the organisation are used as a resource for consultative medical advice and treatment recommendations for the patient who seek further opinions/suggestions on his/her medical conditions. The Services are value-added services provided by the organisation while this policy is effective. It is your/patient's responsibility to pay for all the treatment and medical costs and the related costs/expenses incurred by you/the patient, whether directly or indirectly in relation to the receiving of the Services. You are subject to the relevant terms and conditions as determined by the organisation for the use of their services. HSBC Life does not represent PGH. HSBC Life will not be held liable or responsible for the above content provided by PGH. HSBC Life is not directly affiliated in any way with Harvard, and any reference to Harvard is only for identification and reference purposes on content provided by PGH and does not imply an association between HSBC Life and Harvard. Please seek the advice of your medical professional for further guidance. We have the absolute discretion to revise and change the terms and conditions for the offering of the Services under this policy at any time without giving you prior notice.
10 By choosing an Apple Watch as your reward, you will be committing to a 24-month interest-free instalment plan via your HSBC credit card.
11 If you choose to pay your premiums monthly in respect of a policy year, the Total Basic Plan Premiums Paid5 for that policy year will be higher than if you pay annually.
12 Notional Amount is an amount used to determine the premiums payable under this policy and your cash values, Special Bonuses13 and amounts of Cancer/Heart Disease/Stroke Benefit (Additional Payment)3 to be received under the basic plan of this policy. It does not represent the amount of death benefit payable.
13 The amount of Special Bonus, if any, is not guaranteed and subjected to our absolute discretion.
*To borrow or not to borrow? Borrow only if you can repay!
Disclaimer
HSBC Health Goal Insurance Plan is a life insurance plan underwritten by HSBC Life (International) Limited ("HSBC Life") which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.
HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is an insurance agent authorised by HSBC Life. This product is a product of HSBC Life but not HSBC and it is intended only for sale in the Hong Kong SAR. Your benefit is subject to the credit risk of HSBC Life. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.
For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the product should be resolved between HSBC Life and you directly.
