Diversified Protection 10 year term life insurance policy.
High coverage is offered by the Plan at an affordable premium. In the unfortunate event of death of the Life Insured, compensation will be payable in cash to provide immediate support.
The Plan is guaranteed renewable at the end of each 10-year term before the Insurance Age of 60, irrespective of the health conditions of the Life Insured.
Fixed Premium for More Budget Certainty
The premium will be fixed during the 10-year term to give you more budget certainty. At the time of renewal, the premium will be re-determined based on the Insurance Age of the Life Insured and other underwriting criteria.
Free supplemental benefits:
Waiver of Premium on Disability Benefit
Optional supplemental benefits:
Accidental Death and Dismemberment Benefit
Remark: Please refer to the product brochure for detailed terms and conditions and exclusions.
The 10-Year Renewable Term Plan is underwritten by Hang Seng Insurance Company Limited, which is authorised and regulated by the Insurance Authority of the HKSAR. 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.
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.
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.
Life insurance settlement
You understand that this Plan is underwritten by Hang Seng Insurance Company Limited. You have to pay premium to Hang Seng Insurance Company Limited for your application for this 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 this 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.