Income Goal Insurance Plan II

¹ Under the payment at monthly intervals option, only Monthly Guaranteed Annuity Payments are paid out. Under the rollover option, Monthly Guaranteed Annuity Payments are accumulated with interest (if any) which is non-guaranteed and determined at our discretion from time to time.

² The amount of Special Bonus, if any, is not guaranteed and is subject to our absolute discretion.

³ 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 HSBC Life rom time to time without prior notice to Policyholder. Please refer to product brochure for details.

⁴ Source: Annual Statistics for Long-term Business 2019 issued by the Insurance Authority (Individual Insurers' Statistics: Total Individual Annuity New Business)

⁵ The Additional Accidental Death Benefit will terminate when the Life Insured attains the age⁶ of 80 or payout of the relevant benefits or the Policy is terminated (whichever is earlier). The Policy will terminate upon the payment of the Additional Accidental Death Benefit.

⁶ Insurance Age means the age of the Life Insured or Policyholder where applicable at his or her next birthday.

⁷ Total Premiums Paid refers to the total amount of premiums due under the Basic Plan (whether or not actually paid) as of the date of death of the Life Insured. Please refer to the Policy Provisions for detailed terms and conditions.

⁸ The eligibility of Payor’s Benefit is applicable to the Life Insured who is 15 days old after birth to the Insurance Age⁶ of 18 and Policyholder’s who are at Insurance Age⁶ of between 19 to and  60. The benefit will terminate when the Policyholder attains the age⁶ of 65 or the Life Insured attains the age⁶ of 25 or the Policyholder recovers or all premiums have been paid or the Policy is terminated, whichever is earlier. Such benefits are is not applicable for single premium policies.

⁹ Unemployment Benefit is applicable to Policyholder’s Insurance Age⁶ between 19  and 64 who is the holder of  a Hong Kong Identity Card. The benefit will terminate when the Policyholder attains the age⁶ of 65 or all due premiums have been paid or the Policy is terminated (whichever is earlier). Such benefit is not applicable to for single premium policies.

¹⁰ Critical Illness Select (Additional Payment) is applicable to the Life Insured’s Insurance Age⁶ between 15 days and 60 who is the holder of a Hong Kong Identity Card or Macau Identity Card. The benefit will terminate if the Policy terminates, expires, lapses, or is surrendered (whichever is applicable) or when the Life Insured attains the age6 of  65 or the Policy is terminated (whichever is earlier). Such benefit is not applicable to single premium policy.

¹¹ Under the payment at monthly intervals option, only Monthly Guaranteed Annuity Payment is paid out. Under the rollover option, Monthly Guaranteed Annuity Payment is accumulated with interest (if any) which is non-guaranteed and determined at our discretion from time to time.