Parents use the "Love & Eternity" Multi-currency Life Insurance Plan 2 to support their children's overseas studies.

As global inflation continues, university expenses, whether locally or overseas, have risen significantly. From tuition fees and accommodation to everyday living expenses, the total amount is often far higher than at secondary school level; and if children choose to study in popular destinations such as the United Kingdom, the United States, Canada or Australia, the annual costs can be extremely high, placing considerable pressure on families.

As parents, we want our children to focus on pursuing their dreams, while also taking our own long-term financial arrangements into account. Finding a balance between the two often tests the foresight of our planning. Hang Seng’s “Love and Heng” Multi-Currency Life Insurance Plan 2 (“Love and Heng 2”) is designed with this in mind, helping parents gradually accumulate an education fund while maintaining flexibility in financial planning at different stages of life to meet various financial needs and seize opportunities for long-term wealth growth, so that every important moment is not disrupted by sudden changes. Through the three key options of “Currency Conversion¹”, “Policy Segregation²” and “Regular Withdrawal³”, “Love and Heng 2” enables parents to adjust their pace at any time in response to market changes, family needs and their children’s study plans, creating a more robust and diversified education fund solution, so that every gesture of care can be turned into practical support, accompanying their children on a longer journey. 

As children enter university, parents may feel both pleased and faced with practical financial considerations. In particular, overseas education expenses can become even more challenging to plan for if exchange rates fluctuate significantly, as the original budget may be disrupted at any time. “愛與恒2” offers up to 8 policy currency¹ options (HKD, RMB, USD, GBP, CAD, AUD, NZD and EUR) and a currency conversion¹ feature. From the 3rd policy anniversary onwards, customers may make up to 3 currency conversions¹ in each policy year at any time, with no administration fee, allowing parents to adjust their arrangements more flexibly in response to exchange rate movements, meet different financial needs and pursue long-term wealth growth opportunities. 

In addition to school fees, children’s day-to-day living expenses are equally important. Even if parents are unable to be by their side, they can still use “Love and Hang 2” together with Hang Seng Prestige, the added Family+ account and the Hang Seng Multi-Currency Mastercard^® debit card to closely integrate savings, wealth accumulation, withdrawals, management and global spending, achieving a “one-stop” family financial management solution.

“Love and Hang 2” builds wealth over time, offering long-term growth potential for customers’ assets. When customers need to use funds, they can also withdraw from the policy’s “Regular Withdrawal Option²” to take the cash value from the policy monthly or annually and pay it to the designated regular withdrawal beneficiary, to suit different funding needs. The withdrawn amount can be sent by traditional cheque, or directly deposited into the customer’s Hang Seng Prestige or Prestige added Family+ account.

The added Family+ account is an integrated account. One Prestige main account can add up to four additional Family+ accounts for spouses, children or parents, allowing flexible allocation of different wealth management products according to different financial goals. As the main account holder, you can easily manage all accounts via personal e-Banking, always providing thoughtful care to your beloved family members. If children are studying overseas and often need to pay tuition fees and living expenses abroad, the Global Money+ overseas transfer service on the Hang Seng Mobile App can help customers handle this with ease.

The main account holder can also apply for a supplementary Hang Seng Prestige Multi-Currency Mastercard® debit card^# for the additional Family+ account. Cardholders can use the card for spending locally or overseas, enjoying $0 foreign currency transaction and cash withdrawal fees^##, making payments hassle-free from then on. Even when cash is urgently needed, there is no longer any need to be hindered by the long waiting times and high fees of traditional wire transfers.  

As parents plan long-term financial arrangements for their children, they also wish to take care of the needs of different family members. “Love and Wealth 2” offers a policy split² option, allowing parents to split an existing policy into up to three separate new policies, which can then be allocated to different family members according to their wishes, such as children, a spouse or parents. This enables each member to have their own protection and asset accumulation arrangements, while also allowing one policy to be retained as personal retirement savings, building passive income and adding an extra layer of protection for later life. This arrangement makes family wealth distribution clearer, and also helps align with each person’s goals at different life stages. As parents plan long-term financial arrangements for their children, they also wish to take care of the needs of different family members.

“Love and Wealth 2” is not only a savings plan, but also an arrangement that can carry forward your intentions. Depending on the family’s circumstances, parents can flexibly designate successor policyholders⁴, policy trustees⁴ and successor insured persons⁶, and may change the insured person⁷ an unlimited number of times. When the policyholder passes away, the policy can automatically pass to the next generation, allowing the policy value¹⁵ to continue without the need to take out a new policy, making succession planning smoother and more reassuring. 

At the same time, “Love and Wealth 2” also offers a range of death benefit payment options (lump sum payment, monthly instalments (10/15/20/25-year terms, lump sum followed by monthly instalments, and flexible payment options¹¹), allowing parents to choose the most suitable arrangement according to the family’s needs, for more considerate and comprehensive care.

Witnessing important milestones in their children’s lives is every parent’s greatest wish. Even if they cannot be there in person, they can still leave blessings for them in advance. “Love and Wealth 2” allows the policyholder to pre-set up to eight “specified life events¹¹” — such as university graduation, marriage or the arrival of a new life. When these important moments arrive, the policy will deliver support to the beneficiary according to the preset arrangement, as if leaving a blessing that transcends time, so that love may continue.

Life’s journey always brings unpredictable challenges, and “Love and Harmony 2” also provides corresponding supplementary protection, adding a secure safety net for the family. If the insured is diagnosed with mental incapacity or severe cognitive impairment⁸, the beneficiary may receive a lump sum to help cover unexpected care needs and related expenses. In addition, the covered persons¹² under the Family Guardian Accident Benefit⁹ of “Love and Harmony 2” have been significantly expanded from the original insured to include the policyholder and their designated family members. If any covered person¹² dies, suffers total and permanent disability, or is continuously hospitalised for 25 days or more as a result of an accident, the policy will pay the Family Guardian Accident Benefit⁹, providing practical support for the family in difficult times.

Only with a sound financial arrangement and comprehensive planning can one lay the foundation to support children in pursuing their dreams. Through the three major options of “Currency Conversion¹”, “Regular Withdrawal²” and “Policy Splitting³”, “Love and Harmony 2” helps parents plan and manage education-related funds more effectively, enabling families to remain flexible and composed across different economic conditions, and reducing the impact of unforeseen circumstances on children’s education planning.  

From now until 31 March 2026, visit any branch in person and complete a Personal Customer Financial Needs Analysis to enjoy up to HK$500 in electronic shopping vouchers or gifts^; customers who successfully take out Hang Seng Insurance “Love and Harmony” Multi-Currency Life Insurance Plan 2 can also enjoy a first-year premium discount offer ** .  

Book an appointment now or find out more: please click here .  

^For the terms and conditions of the “Personal Customer Financial Needs Analysis (FNA) Offer”, please click here .
**The offer is subject to terms and conditions. Please note the relevant product risks.  
For the terms and conditions of the first-year premium discount offer, please click here .
For the detailed terms and conditions, risks and exclusions of “Love and Harmony” Multi-Currency Life Insurance Plan 2, please click here to refer to the product brochure.

*Hang Seng Insurance Company Limited (“Hang Seng Insurance”) has the absolute right and discretion to accept or reject any application for the Currency Conversion Option and/or the Policy Split Option. The Currency Conversion Option and the Policy Split Option may be exercised from the 3rd policy anniversary or after the end of premium payment period (whichever is later), provided that your policy has no assignment of benefits and no indebtedness. The Policy Split Option may split your policy into up to 3 split policies and is subject to approval by Hang Seng Insurance Company Limited. The Currency Conversion Option may be converted up to 3 times in each policy year, and the exchange rate for currency conversion will be determined by Hang Seng Insurance at its absolute discretion. The Regular Withdrawal Option may be set up from the 5th policy anniversary or after the end of premium payment period (whichever is later), allowing the policyholder to instruct monthly or annual withdrawals of cash value from the policy and to designate one regular withdrawal beneficiary. Please refer to the product brochure for details. Subject to terms and conditions. Please note the relevant product risks and credit risk. “Love and Hang Seng” Multi-Currency Life Insurance Plan 2 (“the Plan”) is a life insurance plan with savings element and is not equivalent to or similar to any form of bank deposit. 

Note: 

1. The Company has the absolute right and discretion in relation to any application for the exercise of the Currency Conversion Option to: (i) decide whether to accept any application for the exercise of the Currency Conversion Option; and (ii) impose any requirements or conditions upon acceptance of the application; and, subject to applicable laws and regulations, if a currency has ceased to be used in the country or region of issue at the time of application for the Currency Conversion Option, that currency shall no longer be available for selection. The Company will issue a written notice and a revised policy schedule and explanatory document to the policyholder upon confirmation that any Currency Conversion Option has taken effect, to show that the converted currency has been converted into the policy currency¹⁰. 

2. The Company has the absolute right and discretion in relation to any application for the exercise of the Policy Split Option to: (i) decide whether to accept any application for the exercise of the Policy Split Option; and (ii) impose any requirements or conditions upon acceptance of the application. You may, when applying for the Policy Split Option, also apply to transfer policy ownership, the Currency Conversion Option¹ or change the insured person⁷ for the split policy, subject to the policy terms. All supplementary benefits attached to the basic plan (if still in force) will be transferred to the split policy. Exercising the Policy Split Option may affect the supplementary benefits; please refer to the supplementary benefit terms. The Company will issue written notice to the existing policyholder and the policyholder of the split policy, and will issue a revised policy schedule, policy terms, supplementary benefit terms (if any), any policy endorsement and explanatory document for the split policy to the policyholder of the split policy. Any existing death benefit payout option selected under the policy, any existing designated beneficiary, successor policyholder⁴, policy trustee⁴, successor insured person⁶, regular withdrawal beneficiary and beneficiary of Family Guardian Mental Health Protection⁸, as well as the designated percentage of Family Guardian Mental Health Protection⁸, will not be automatically transferred to the split policy. 

3. Any application for the Regular Withdrawal Option must satisfy the following two requirements: (i) the minimum amount by which the policy amount¹⁵ is reduced each time; and (ii) the minimum policy amount¹⁵ after exercising the Regular Withdrawal Option. These two minimum requirements are determined by the Company at its absolute discretion from time to time. You may use the Company’s prescribed form to make a written request to us to designate or change the regular withdrawal beneficiary. The exercise of the Regular Withdrawal Option, and the designation or change of the regular withdrawal beneficiary, may only be made while the policyholder, regular withdrawal beneficiary and insured person are all alive. The Company will issue a written notice and a revised policy schedule to the policyholder when the Regular Withdrawal Option takes effect. Upon our receipt of a request to exercise the Currency Conversion Option¹, Policy Split Option², Policy Value Management Benefit or Partial Surrender¹⁶, or when the policy ownership is transferred, the instruction to exercise the policy’s Regular Withdrawal Option will be suspended and any existing designated regular withdrawal beneficiary will be automatically revoked. After the transfer of ownership, Currency Conversion Option¹, Policy Split Option², Policy Value Management Benefit or Partial Surrender¹⁶ has taken effect, if you wish to exercise the Regular Withdrawal Option, you must submit a new application to the Company in writing. 

4. The Company will, subject to any prevailing rules and terms and conditions as determined by us from time to time, have the sole discretion to decide whether to accept your application to designate a successor policyholder and policy trustee (if applicable). Once accepted and recorded, and subject to any amount paid or action taken by the Company before registration of the designation, the designation of the relevant successor policyholder and policy trustee (if applicable) shall take effect from the date on which you signed the application. The policyholder will be notified in writing once the designation of the relevant successor policyholder and policy trustee (if applicable) takes effect.

If, during the policy term, the policyholder dies while the insured person is still alive, or a successor insured person⁶ has been designated in the Company’s records, and a successor policyholder and designated policy trustee (if applicable) are also recorded in the Company’s records, we will determine who the new policyholder is according to the following rules: 

i. If the insured age⁵ of the successor policyholder on the date of the policyholder’s death is 18 or above, the successor policyholder will become the new policyholder.
ii. If the insured age⁵ of the successor policyholder on the date of the policyholder’s death is below 18, the policy trustee will become the new policyholder after the end of the premium payment period or the first policy anniversary (whichever is later), but shall only have the authority to manage and update the personal details of the policy trustee and successor policyholder, and shall not be entitled to exercise any options or rights under the policy. When the successor policyholder’s insured age⁵ reaches 18 and the successor policyholder becomes the new policyholder, the policy trustee will cease to be the policyholder.
iii. After the policy trustee becomes the new policyholder, and before the successor policyholder becomes the new policyholder, if (1) the policy trustee dies; or (2) the policy trustee becomes bankrupt; or (3) the Company, at its sole discretion, determines that the policy trustee is otherwise no longer entitled to obtain policy ownership, then the successor policyholder will become the new policyholder.
iv. If the insured age⁵ of the successor policyholder on the date of the policyholder’s death is below 18, and the policy has not been fully paid up, policy ownership shall vest in the policyholder’s estate.

Once the successor policyholder becomes the policyholder, they shall assume all obligations set out in the policy and shall be entitled to exercise all rights of the policyholder under the policy. When the transfer of policy ownership takes effect, the Company will issue written notice and a policy schedule to the new policyholder. Upon the transfer of ownership, any existing death benefit payout option, any existing designated beneficiary, successor policyholder, policy trustee, regular withdrawal beneficiary, beneficiary of Family Guardian Mental Health Protection⁸ and the designated percentage of Family Guardian Mental Health Protection⁸ will be automatically revoked. The instruction for the policy’s Regular Withdrawal Option³ will also be suspended. Transfer of ownership may affect supplementary benefits; please refer to the supplementary benefit terms.

5. Insured age means, on any day, the age of the insured person or policyholder (if applicable) at their last birthday on or before the policy date or the relevant policy anniversary (if the birthday falls on the same day). 

6. The Company will, having regard to matters including (i) satisfactory evidence of the insurability of the successor insured person; (ii) the successor insured person meeting the Company’s then current age requirements; (iii) whether the policyholder and successor policyholder⁴ (if any) have sufficient insurable interest in the successor insured person*; (iv) if you wish to designate any successor insured person below the insured age⁵ of 18, you must at the same time designate a successor policyholder⁴, or there must already be a successor policyholder⁴ in the Company’s records; and (v) other requirements as determined by the Company from time to time, have the sole discretion to decide whether to accept your application to designate a successor insured person. Once accepted and recorded, the Company will issue written notice to record the designation of the successor insured person. The designation of the successor insured person shall take effect from the date specified in the written notice.

During the policy term, if the insured person dies after the first policy anniversary and a successor insured person is recorded in the Company’s records, you may submit a written application to exercise the rights of the successor insured person using the Company’s prescribed form within 180 days from the date of the insured person’s death. The successor insured person shall become the new insured person if the following conditions are met: (i) a death certificate of the most recent insured person in the Company’s records; (ii) satisfactory evidence of the insurability of the successor insured person; (iii) the policyholder has sufficient insurable interest in the successor insured person*; (iv) payment of all overdue premiums together with interest (if any) from the due date of the first unpaid premium; and (v) other requirements as determined by the Company from time to time. The Company reserves the right not to give effect to the change of insured person⁷, at the Company’s absolute discretion. The Company will issue a policy endorsement and revised policy schedule to give effect to the change of insured person⁷. If a successor insured person is recorded in the Company’s records, premiums will remain payable after the insured person’s death.

* Relationships generally accepted as having sufficient “insurable interest” include spouse, children under the insured age⁵ of 18 and their parents/legally appointed guardians, grandchildren under the insured age⁵ of 18 and their grandparents (subject to relevant documents and evidence to establish insurable interest). 

7. During the policy term, the policyholder may apply to change the insured person an unlimited number of times after the end of the premium payment period or the first policy anniversary (whichever is later), without any administration fee. The Company will, having regard to matters including (i) satisfactory evidence of the insurability of the new insured person; (ii) the new insured person meeting the Company’s then current age requirements; (iii) whether the policyholder has sufficient insurable interest in the new insured person*; and (iv) other requirements as determined by the Company from time to time, have the sole discretion to decide whether to accept any application to change the insured person. The Company will issue a policy endorsement and revised policy schedule to give effect to the change of insured person. Following the change of insured person, the total premiums paid¹³, policy date, premium payment period end date, policy currency¹⁰, policy amount¹⁵, guaranteed cash value, special bonus (if any), death benefit, policy value management benefit balance (if any) and indebtedness (if any) will remain unchanged. A change of insured person may affect supplementary benefits; please refer to the supplementary benefit terms. Any successor insured person⁶ in the Company’s records, the beneficiary of Family Guardian Mental Health Protection⁸ and the designated percentage of Family Guardian Mental Health Protection⁸ will be automatically revoked following the change of insured person.

* Relationships generally accepted as having sufficient “insurable interest” include spouse, children under the insured age⁵ of 18 and their parents/legally appointed guardians, grandchildren under the insured age⁵ of 18 and their grandparents (subject to relevant documents and evidence to establish insurable interest). 

8. If the insured person is diagnosed as a person lacking mental capacity or is diagnosed with severe cognitive impairment during the policy term, the Company will pay Family Guardian Mental Health Protection equal to the designated percentage of Family Guardian Mental Health Protection multiplied by (a) the guaranteed cash value, plus (b) special bonus (if any) and (c) policy value management benefit balance (if any) on the date the claim under this supplementary benefit is approved; any indebtedness will be deducted when Family Guardian Mental Health Protection is paid. Family Guardian Mental Health Protection will only be paid once during the policy term. Unless the policyholder designates a beneficiary for Family Guardian Mental Health Protection, such beneficiary will be deemed eligible to benefit from this supplementary benefit. The beneficiary of Family Guardian Mental Health Protection must be 18 or above when designated. During the policy term, the policyholder may, by written notice to the Company using the Company’s prescribed form, designate or change the designated percentage of Family Guardian Mental Health Protection and/or the beneficiary of Family Guardian Mental Health Protection. The designated percentage of Family Guardian Mental Health Protection shall be an integer percentage between 10% and 100% and must meet the requirements as determined by us from time to time.

Any change to the designated percentage and/or beneficiary of Family Guardian Mental Health Protection will only take effect once accepted and recorded by the Company. Family Guardian Mental Health Protection will only be paid after a beneficiary for Family Guardian Mental Health Protection has been appointed. If (i) a guardian or committee is appointed under the Mental Health Ordinance (Cap. 136 of the Laws of Hong Kong) (or a guardian or committee is appointed under similar laws in another jurisdiction), or a lasting power of attorney covering the policy is registered under the Enduring Powers of Attorney Ordinance (Cap. 501 of the Laws of Hong Kong); and/or (ii) the policyholder is not the insured person; and/or (iii) the policy has been assigned, this supplementary benefit will only be paid to the designated beneficiary of Family Guardian Mental Health Protection with the consent of the guardian or committee or attorney (for (i)); and/or the policyholder (for (ii)); and/or the assignee (for (iii)), as applicable. If there is a dispute between the beneficiary of Family Guardian Mental Health Protection and any other person (including but not limited to the policyholder, guardian or committee of the insured person, attorney, beneficiary or assignee), or if the Company reasonably believes there is such a dispute, the Company reserves the right to withhold payment until the dispute is resolved. If the designated percentage of Family Guardian Mental Health Protection is 100%, the policy (including the basic plan and all supplementary benefits, if any) will terminate upon payment of Family Guardian Mental Health Protection, and the Company will be released from all further liability. If the designated percentage of Family Guardian Mental Health Protection is less than 100%, when Family Guardian Mental Health Protection is paid, the total premiums paid¹³, policy amount¹⁵, guaranteed cash value, special bonus (if any), policy value management benefit balance (if any) and future premiums (if any) under the policy will be adjusted and reduced pro rata, and the death benefit will also be adjusted accordingly. The Company will issue a revised policy schedule to the policyholder.

9. During the policy term and before the 5th policy anniversary, when the insured person¹² suffers the following specified event caused by accident, the Company will pay Family Guardian Accident Protection, which is equal to the applicable percentage of the total premiums paid¹³ for the basic plan up to the date of the specified event caused by accident¹⁴, less any indebtedness:
(i)    accidental death;
(ii)    total and permanent disability; or
(iii)    continuous hospitalisation for 25 days or more. 
 

Family Guardian Accident Protection will automatically terminate upon the earliest of: (i) payment of the claim under this supplementary benefit; (ii) the policy under the basic plan lapsing, terminating, maturing, becoming void, being surrendered¹⁶ or cancelled; or (iii) the protection end date of this supplementary benefit. Even if the insured person¹² suffers more than one of the specified events caused by accident listed in the table above, or multiple insured persons¹² suffer the specified events caused by accident listed in Table 1 above, the Company will pay this supplementary benefit only once. For the avoidance of doubt, for all policies issued under the insurance plan designated by the Company, the maximum compensation amounts per insured person¹² for accidental death, total and permanent disability, and continuous hospitalisation for 25 days or more are set out in the table above respectively.

If the insured person dies accidentally, the Company will pay this supplementary benefit to the surviving beneficiary, and only when the death benefit is paid under the policy terms. This supplementary benefit is a lump-sum payment in addition to any death benefit payable under the policy. If the insured person¹² suffers any other specified event caused by accident (other than accidental death), the Company will make a lump-sum payment of this supplementary benefit to the policyholder or the policyholder’s estate. For the avoidance of doubt, if the insured person dies accidentally and there is a successor insured person⁶ in the Company’s records who becomes the new insured person, we will not pay this supplementary benefit. If the policyholder dies accidentally and there is a successor policyholder⁴ or policy trustee⁴ in the Company’s records who becomes the new policyholder, we will not pay this supplementary benefit. 

10. If you take out the policy with premiums payable in a foreign currency, all premiums payable and policy benefits will be denominated in that foreign currency. Both foreign currency and HKD conversions are subject to exchange rate fluctuations, so you should consider exchange rate risk before deciding to take out the policy. If premiums are paid in HKD or policy benefits are received in HKD, Hang Seng Insurance will convert the relevant amount from HKD to that foreign currency, or from that foreign currency to HKD, at a market-based exchange rate on the date it processes your premium payment or settles your policy benefits. The applicable exchange rate will be determined by the Company and may change from time to time. Foreign exchange rates may rise or fall. If premiums are paid in HKD and the foreign currency appreciates against HKD, the policy’s future premiums payable, when calculated in HKD, may be higher than the first-year premium paid at inception. If you receive policy benefits in HKD and, when policy benefits are settled and paid, the foreign currency has depreciated significantly against HKD, you may lose most of the policy benefits. 

11. If any death benefit balance remains after payment of the beneficiary’s one-off specific life event payout amount, we will continue to pay the death benefit by monthly instalments during the selected payout period until all death benefit amounts have been paid. If the beneficiary’s age on the date of the insured person’s death is above the age specified by the policyholder, we will not pay the one-off specific life event payout amount. If the insured person dies before the 3rd policy anniversary and death benefit payout option (iv) has been selected, death benefit payout option (iv) will be automatically revoked and the death benefit will be paid as a lump sum. This death benefit payout option (iv) is available only when a single beneficiary is designated. The Company shall have absolute discretion to cease offering the death benefit payout options. If you exercise the Policy Split Option², the selected death benefit payout option will be revoked, and the default payout option for the split policy will be set to lump-sum payment. 

12. Insured person refers to the insured person covered under Family Guardian Accident Protection⁹, the policyholder, and the policyholder’s child(ren), parents and spouse (if applicable), whose insured age⁵ on the date of the specified event caused by accident¹⁴ is 84 or below. However, if (i) the policyholder is not an individual; or (ii) the policy trustee⁴ becomes the new policyholder under the policy terms, then the policyholder and their child(ren), parents and spouse (if applicable) will not be defined as insured persons and will not be covered under Family Guardian Accident Protection⁹. 

13. Total premiums paid means the total amount of basic plan premiums due and paid. 

14. Date of the specified event caused by accident means the date on which the insured person¹² dies accidentally, or the date on which the insured person¹² is certified by a registered medical practitioner as totally and permanently disabled, or the date on which the insured person¹² is continuously hospitalised for the 25th day, as applicable.

15. Policy amount is used to determine the premium payable for the policy and the guaranteed cash value and special bonus (if any) receivable under the policy’s basic plan, and does not represent the death benefit amount payable or the cash value of your policy. 

16. If the policyholder surrenders the policy after the cooling-off period and at any time after the policy has taken effect, the surrender value may be less than the total amount of premiums and premium levy paid. Please refer to the Summary of the Policy Provisions for details of this Plan. If the policy is surrendered during the policy term, the policyholder may receive the net cash value¹⁷ (if any) calculated on the date of surrender processing, plus special bonus (if any) and policy value management benefit balance (if any). In the event of partial surrender, the policy amount¹⁵ and total premiums paid¹³ under the basic plan of the policy will be adjusted and reduced pro rata, and the guaranteed cash value, special bonus (if any) and death benefit will also be adjusted accordingly. 

17. Net cash value means, at any time, an amount equal to the guaranteed cash value less indebtedness (if any). 

Disclosure of Information

The above designated life insurance plans are underwritten by Hang Seng Insurance. Hang Seng Insurance is authorised and regulated by the Insurance Authority to operate in Hong Kong, and is a wholly-owned subsidiary of Hang Seng Bank.

The Plan is underwritten by Hang Seng Insurance. This promotion is applicable only to persons in Hong Kong. The above promotional information is provided by Hang Seng Bank and Hang Seng Insurance. This is a summary of information for reference only. The Plan is intended for sale in the Hong Kong Special Administrative Region only, and should not be construed as an offer, solicitation or recommendation to offer or sell or solicit the purchase of any product of Hang Seng Insurance outside Hong Kong. For full details of this Plan, including important information on the relevant terms, conditions, requirements and exclusions, please refer to the relevant promotional leaflet or brochure, and the policy terms shall prevail. For relevant product risks, please refer to the product brochure. The policyholder is subject to the credit risk of Hang Seng Insurance. If the policyholder terminates this Plan and/or surrenders the policy in the early stage of the policy term, the amount returned may be far less than the premiums paid. All surrender-related details are subject to the relevant policy terms. The relevant product is a product of Hang Seng Insurance, not Hang Seng Bank. If you have a qualifying dispute with Hang Seng Bank in the course of sales process or handling of transactions relating to the product (as defined in the Terms of Reference of the Financial Dispute Resolution Centre under the Financial Dispute Resolution Scheme), Hang Seng Bank will participate in the Financial Dispute Resolution Scheme process with you; however, any dispute concerning the contractual terms of the insurance product should be resolved directly with Hang Seng Insurance. If the policyholder surrenders the policy at any time after the cooling-off period, the surrender value may be less than the total premiums paid. The expected surrender value can be referred to in the Summary of the Policy Provisions.

Learn more about Prestige and the supplementary Family+ account here

• Global Money+ overseas transfer service: Hang Seng Bank updates the specified countries or regions and local currencies from time to time. When transferring to certain specified countries/regions, certain requirements may need to be met for the fee waiver to apply. For details, please refer to the Hang Seng Bank website > “Banking Services” > “Transfer and Payment Services” > “Overseas Transfers”.
• Customers may learn more about fee details through the Hang Seng Wealth Management and Personal Banking Services Fee Schedule.
• Actual time of receipt is subject to the processing time of the receiving bank or intermediary bank (if any).
• #Hang Seng Multi-Currency Mastercard® Debit Card: up to 6 supplementary debit cards may be applied for. The default daily spending limit for the principal debit card and supplementary debit cards is HKD 100,000 or equivalent.
• ##Hang Seng Multi-Currency Mastercard® Debit Card: overseas local banks may charge customers a surcharge (if applicable).

Foreign Exchange Risk

Foreign exchange involves exchange rate risk. If customers convert deposits from HKD or a foreign currency into another currency, foreign exchange fluctuations may result in gains or losses on the principal. If foreign currency is converted back into another currency (including HKD) upon maturity of a foreign currency time deposit, the deposit amount may result in gains or losses due to changes in the foreign exchange rate at that time. 

10Life is not authorised to act as an insurance intermediary for Hang Seng Insurance and will not conduct any regulated activities specified in the Insurance Ordinance (Cap. 41). 

This English version of this article has been generated by machine translation powered by AI. It is provided solely for reference purposes. In the event of any discrepancy or inconsistency between this translation and the original Chinese version, the Chinese version shall prevail.