The promotional offers are only applicable to successful applications in respect of a new purchase of RetireIncome Annuity Plan, WholeLife Protection Plan, Lifestyle Wealth Protection Plus or "Selected Life Insurance Plan" (please contact our branches for details) within the designated promotional period and shall at all times be subject to below Terms and Conditions.
2.
A customer who has withdrawn/cancelled an application/policy for the same insurance plan within the past six months or cancels his/her policy prior to the Supermarket Gift Coupons (Coupons) being issued will not be entitled to the promotional offer.
3.
If a customer who is entitled to receive the promotional offers under this promotion is also entitled to other offer(s) under another concurrent promotion run by The Hongkong and Shanghai Banking Corporation Limited in Hong Kong SAR ("the Bank") in respect of the same type of designated product or service, such customer is only entitled to receive the offer of the highest value at the Bank's discretion.
4.
Offers under this promotion are applicable to Retail Banking and Wealth Management customers of the Bank only.
5.
Coupons / premium discount / premium waiver offered in this promotion are not exchangeable for cash and are not transferable.
6.
All insurance applications are subject to approval by HSBC Life (International) Limited.
7.
The Bank reserves the right to change these Terms and Conditions at any time.
8.
In the event of dispute, the decision of the Bank shall be final and conclusive.
9.
Should there be any discrepancy between the English and Chinese version of these Terms and Conditions, the English version shall prevail.
A:
RetireIncome Annuity Plan - First-year Premium Discount
10.
"Selected HSBC Premier Customers" are customers who open or upgrade to HSBC Premier Integrated Account ("New Premier Account") with the Bank within the period of 11 Jan to 31 Dec 2010 (both dates inclusive) and have not terminated / converted their HSBC Premier Integrated Account to other Integrated Account within six months prior to the date on which the New Premier Account commences.
11.
The 4% First-year Premium Discount is only applicable to successful applications in respect of a new purchase of RetireIncome Annuity Plan from "Selected HSBC Premier Customers" mentioned in Clause 10 AND the application date of the new insurance policy must be within 6 months of the commencement of the New Premier Account ("Premier RIAP Policy")
12.
"Selected HSBC Advance Customers" are customers who open or upgrade to HSBC Advance Integrated Account ("New Advance Account") with the Bank within the period of 1 Feb 2010 to 31 Dec 2010 (both dates inclusive) and have not terminated / converted their HSBC Premier / Advance / PowerVantage Integrated Account to other Integrated Account within six months prior to the date on which the New Advance Account commences.
13.
The 3% First-year Premium Discount is only applicable to successful applications in respect of a new purchase of RetireIncome Annuity Plan from "Selected HSBC Advance Customers" mentioned in Clause 12 AND the application date of the new insurance policy must be within 6 months of the commencement of the New Advance Account ("Advance RIAP Policy").
14.
The 2% First-year Premium Discount is only applicable to successful applications in respect of a new purchase of RetireIncome Annuity Plan from customers other than "Selected HSBC Premier Customers" and "Selected HSBC Advance Customers" mentioned in Clause 10 and 12 within the period of 7 Jun to 4 Sep 2010 (both dates inclusive) AND the policy must be issued within the period of 7 Jun to 3 Nov 2010 (both dates inclusive) ("Other RIAP Policy").
15.
For monthly payment of premium, customers are required to pay the first three months' premium upfront with the discount deducted from the initial payment.
16.
For premiums paid on annual basis, the amount of premium payable in the first year will be calculated as "full annual premium X 0.96" (for "Premier RIAP Policy"), "full annual premium X 0.97" (for "Advance RIAP Policy") and "full annual premium X 0.98" (for "Other RIAP Policy").
B:
Lifestyle Wealth Protection Plus (LWPP) and WholeLife Protection Plan (WLPP) - Premium Waiver
17.
"Selected HSBC Premier Customers" are customers who open or upgrade to HSBC Premier Integrated Account ("New Premier Account") with the Bank within the period of 29 Mar to 31 Dec 2010 (both dates inclusive) and have not terminated / converted their HSBC Premier Integrated Account to other Integrated Account within 6 months prior to the date on which the New Premier Account commences.
18.
The 2-Month Premium Waiver is only applicable to successful applications in respect of a new purchase of Lifestyle Wealth Protection Plus or WholeLife Protection Plan from "Selected HSBC Premier Customers" mentioned in Clause 17 AND the application date of the new insurance policy must be within 6 months of the commencement of the New Premier Account ("Premier LWPP/WLPP Policy").
19.
"Selected HSBC Advance Customers" are customers who open or upgrade to HSBC Advance Integrated Account with the Bank ("New Advance Account") within the period of 29 Mar to 31 Dec 2010 (both dates inclusive) and have not terminated / converted their HSBC Premier / Advance / PowerVantage Integrated Account to other Integrated Account within 6 months prior to the date on which the New Advance Account commences.
20.
The 1.5-Month Premium Waiver is only applicable to successful applications in respect of a new purchase of Lifestyle Wealth Protection Plus or WholeLife Protection Plan from "Selected HSBC Advance Customers" mentioned in Clause 19 AND the application date of the new insurance policy must be within 6 months of the commencement of the New Advance Account ("Advance LWPP/WLPP Policy").
21.
The 1-Month Premium Waiver is only applicable to successful applications in respect of a new purchase of Lifestyle Wealth Protection Plus or WholeLife Protection Plan from customers other than "Selected HSBC Premier Customers" and "Selected HSBC Advance Customers" mentioned in Clause 17 and 19 within the period of 7 Jun to 4 Sep 2010 (both dates inclusive) AND the policy must be issued within the period of 7 Jun 2010 to 3 Nov 2010, both dates inclusive ("Other LWPP/WLPP Policy").
22.
For monthly payment of premium, customers are required to pay the first two months' premium upfront in order to enjoy the third and fourth month's premium waiver (for "Premier LWPP/WLPP Policy"), pay the first 2.5 months' premium upfront in order to enjoy half of the third and whole of the fourth month's premium waiver (for "Advance LWPP/WLPP Policy") and pay the first two months' premium in order to enjoy the third month's premium waiver (for "Other LWPP/WLPP Policy").
23.
For premiums paid on annual basis, the amount of premium payable in the first year will be calculated as "full annual premium X 10/12" (for "Premier LWPP/WLPP Policy"), "full annual premium X 10.5/12" (for "Advance LWPP/WLPP Policy") and "full annual premium X 11/12" (for "Other LWPP/WLPP Policy").
C:
Supermarket Coupons Offer ("Coupons")
24.
The Coupons Offer is only applicable to successful applications in respect of a new purchase of RetireIncome Annuity Plan, WholeLife Protection Plan, Lifestyle Wealth Protection Plus or "Selected Life Insurance Plan" (please contact our branches for details) during the application period of 7 Jun to 4 Sep 2010 (both dates inclusive) AND the policies must be effective during the period of 7 Jun to 3 Nov 2010 (both dates inclusive).
25.
Coupons worth HK$ 1,000 or HK$ 2,000 will be offered in respect of an uptake of RetireIncome Annuity Plan or "Selected Life Insurance Plan" (please contact our branches for details) based on the annualized premium requirement as stated in the table below:
Coupons worth HK$500 will be offered in respect of an uptake of WholeLife Protection Plan or Lifestyle Wealth Protection Plus based on the annualized premium requirement as stated in the table below:
Required Annualized premium
Coupon entitlement
>= HK$20,000 (US$ 2,500)
HK$500
27.
A policyholder will only be eligible to the coupon offer once for each type of insurance plan and the coupons offered will be based on the insurance plan that comes into effect first. For example, if the policyholder successfully takes up 2 policies of RetireIncome Annuity Plan, one with an annualized premium reaching HK$ 200,000 with an effective date of 1 September 2010 and another one with an annualized premium of HK$100,000 with an effective date of 1 August 2010, he/she will only be rewarded with HK$1,000 worth of coupons in respect of the second mentioned plan.
If both policies in the above example have the same effective date of 1 August 2010, the customer will be rewarded with the highest coupon entitlement. The annualized premium will be counted individually per each policy and cannot be accumulated.
28.
A maximum HK$5,000 worth of coupons (i.e. HK$ 2,000 x 2 + HK$500 x 2) will be offered for the successful take up of one RetireIncome Annuity Plan, one "Other Selected Insurance Plan" (please contact our branches for details), one WholeLife Protection Plan and one Lifestyle Wealth Protection Plus.
29.
Coupons will only be mailed to the policyholder's local correspondence address of the new policy by registered mail according the following dates set out in the table below.
Policy effective date
Coupons mail drop date
7 Jun - 15 Sep 2010
30 Nov 2010
16 Sep - 3 Nov 2010
17 Jan 2011
30.
The Coupons will not be rewarded to customers if, on or before the mailing of coupons, there is any change of policy status leading to a reduction of annualized premium which falls below the premium level committed at the time of policy is issued, or that the policy has been suspended, cancelled or has otherwise become invalid.
31.
Coupons will be subject to further terms and conditions stipulated by the supplying merchants.
32.
The supplier of the Coupons in this promotion is solely responsible for the quality of the products and services provided and the Bank shall have no liability in respect thereof.
33.
Coupons are not replaceable in the event of loss or damage, including being lost in transit after they are posted by the Bank.
Issued by The Hongkong and Shanghai Banking Corporation Limited. The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited. All life insurance plans are underwritten by HSBC Life (International) Limited. The information shown is intended as a general summary. For charges and details, please refer to the relevant Product Brochures and policies.
Note:
The information shown is intended as a general summary. For charges and details, please refer to the relevant Product Brochures and policies or contact any HSBC branches or staff for offer details.
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Reference no: Y0-A4-ILIF03
