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Refundable Protection Plan (Major Illness)

Protection

Additional Protection

Premium

Coverage table

Covered major illnesses

Main policy exclusions

Protection

  • Major illness cover for 39 major illnesses, which provides a cash lump sum if you are diagnosed with any covered major illness +.
  • Additional major illness medical expenses on reimbursement basis (up to 15% of major illness benefit) is available for treatment of the major illness being claimed by physicians or Chinese herbalist.
  • If there have been no claims, a death benefit * equal to HK$10,000 plus 100% premium refund will be paid if you pass away during the policy term.

 


Additional protection

  1. Unemployment benefit
    - If you become unemployed for 30 consecutive days or more, you can delay your payment of all due premiums for up to 365 days
      from the date of first due premium during unemployment and still enjoy the full protection of your policy #.

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Premium

  • Premiums can be paid monthly or annually.
  • The premium is fixed at the premium level according to your age next birthday upon application and will generally not increase with age throughout the policy term. However, the premium is not guaranteed to remain unchanged and the Company reserves the right to vary the premium of this Policy.
  • No further premium payment is required upon approval of a claim of major illness benefit.

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Coverage table


Benefits Plan 1 (HK$) Plan 2 (HK$) Plan 3 (HK$)
1. Major Illness Benefit 100,000 150,000 250,000
2. Major Illness Medical Expenses 15,000 22,500 37,500
3. Death Benefit* If there have been no claims, HK$10,000 + 100% paid premium refund
4. Premium Refund If there have been no claims, upon policy surrender/termination or policy maturity, premium refund will be paid and calculated as per the "Premium Refund Percentage Table" below:
Termination effective date Premium refund (percentage of the sum of instalment premiums paid)
Before the end of 2nd Policy Year 0%
Upon or after the end of 2nd Policy Year 10%
Upon or after the end of 3rd Policy Year 20%
Upon or after the end of 4th Policy Year 30%
Upon or after the end of 5th Policy Year 40%
Upon or after the end of 6th Policy Year 50%
Upon or after the end of 7th Policy Year 60%
Upon or after the end of 8th Policy Year 70%
Upon or after the end of 9th Policy Year 80%
At the end of 10th Policy Year 83.33%

Additional benefit
Unemployment benefit

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Covered major illnesses


A. Major Cause of Death:
  1. Cancer
  2. Heart Attack
  3. Stroke
  4. Kidney Failure
  5. Chronic Liver Disease
  6. Terminal Illness
 E. Neurological Disease:
  1. Parkinson's Disease
  2. Alzheimer's Disease
  3. Poliomyelitis
  4. Multiple Sclerosis
  5. Motor Neurone Disease
  6. Muscular Dystrophy
B. Cardio-Vascular Disease:
  1. Coronary Artery Bypass Grafting
  2. Heart Valve Replacement
  3. Surgery to Aorta
  4. Pulmonary Arterial Hypertension
  5. Cardiomyopathy
 F. Functional Impairment:
  1. Blindness
  2. Loss of Hearing
  3. Loss of Speech
C. Major Organ Disease:
  1. Major Organ Transplant
  2. Fulminant Viral Hepatitis
  3. Medullary Cystic Disease
  4. End Stage Lung Disease
 G. Major Disablement:
  1. Paraplegia/Paralysis
  2. Loss of Limbs
  3. Major Burns
  4. Loss of Independent Existence
  5. Severe Rheumatoid Arthritis
  6. Vegetative State (persistent)
D. Brain Disease:
  1. Benign Brain Tumour
  2. Brain Damage
  3. Coma
  4. Bacterial Meningitis
  5. Encephalitis
  6. Apallic Syndrome
  7. Tuberculous Meningitis
 H. Blood Disorder:
  1. Aplastic Anaemia
  2. HIV through Blood Transfusion

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Main policy exclusions


  • Any major illness resulting (directly or indirectly) from, or related to, or caused or contributed by (in whole or in part), any of the following:
    - AIDS or HIV (except for the covered major illness - HIV through Blood Transfusion)
    - Any congenital conditions
    - Self-inflicted injury or attempted suicide while sane or insane
    - Any pre-existing condition prior to the Policy Date or the effective date of last reinstatement, whichever is later
    - Intoxication by alcohol or drugs not prescribed by a Registered Medical Practitioner
    - Violation or attempted violation of the law or resistance to arrest or participation in any criminal act
    - Travel in any aircraft (except as a fare paying passenger in a commercial aircraft)
  • Any major illness, the signs or symptoms of which or diagnosis of which first occurred within the first 90 days immediately following the Policy Date or the effective date of last reinstatement of the policy, whichever is later
  • Any same type of major illness for which the Life Insured has been diagnosed prior to the Policy Date, whether or not this earlier diagnosis is related to the major illness giving rise to the claim. For example, no major illness benefit resulting from Cancer can be claimed under this policy if the Life Insured has been diagnosed with any Cancer prior to the Policy Date
  • The Life Insured survives less than 30 days after the first confirmed diagnosis of the covered major illness

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Note:

All ages mentioned refer to age of the Life Insured at the next birthday. Available for policyholders aged between 19 and 50 holding Hong Kong Identity Cards.
+ Subject to the condition that the Life Insured has survived for no less than thirty days following the diagnosis of the Major Illness.
*  Death Benefit will be terminated upon the date of approval of a claim for the Major Illness Benefit.
# The Life Insured is not eligible to claim the Unemployment Benefit if the unemployment commences within six months from the Policy Date or Issue Date
    or the effective date of last reinstatement (whichever is later).

1. The above insurance plan is underwritten by HSBC Life (International) Limited, which is one of the HSBC Group's insurance underwriting subsidiaries.
2. HSBC Life (International) Limited is authorised and regulated by the Hong Kong Commissioner of Insurance to carry out long-term insurance business
    in the Hong Kong SAR.
3. The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited.

The information shown is intended as a general summary. You should refer to the Policy Wording for the detailed terms and conditions. In the event of conflict, the Policy Wording shall prevail.

Refundable Protection Plan (Major Illness) offered by HSBC Life (International) Limited is only available for subscription by residents of the Hong Kong SAR.

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