[Overseas Relocation and Study Plans] A range of flexible policy options to plan your next step with ease

Globalisation has brought people across the world closer together and created a wide range of opportunities, whether to develop a personal career overseas, take up an overseas assignment arranged by an employer, send children to study abroad, or even relocate the whole family overseas. Life is full of uncertainties; with early planning and a flexible, effective financial solution, living in another country can be much more manageable.

The 滙圖多元貨幣保險計劃 offered by HSBC Life (“滙圖” or the “Plan”) provides a range of flexible policy options, including 9 policy currency choices¹, a policy split option, and the ability to switch the policy currency up to 3 times at any time each policy year², helping to meet the needs of living or working in different places and achieve various life goals and aspirations.

At present, many people are considering relocating overseas to seize potential job opportunities and experience life in different regions. Perspectives change at different stages of life; once a family is established, there is more to consider. For example, children may go to different countries for further studies, which may require changing place of residence.

「滙圖」 offers flexible and free currency switching for its policy currency, catering to wealth planning needs at different stages. From the third policy anniversary², you may exercise the currency switching option to switch among 9 policy currencies, including US dollar, Renminbi, Hong Kong dollar, British pound, Canadian dollar, Australian dollar, Euro, Singapore dollar or Macanese pataca¹, covering popular destinations for relocation: North America, Australia, Southeast Asia and Europe.

Currency market opportunities need to be seized in time. 「滙圖」 has no restriction on the timing of currency switching, and you may exercise the currency switching option up to 3 times at any time each year². Compared with similar products in the market (which on average allow one switch per year and take effect on the policy anniversary), it offers greater flexibility, allowing customers to switch policy currencies with ease and at the appropriate time, reducing the additional costs arising from future foreign exchange fluctuations. In addition, no extra administration fee is charged for currency switching, helping policyholders seize different opportunities in a timely manner.

In an ever-changing world, one may face global economic volatility or major life setbacks at any time, which could affect estate and wealth transfer plans. 「滙圖」 not only offers long-term wealth growth potential, but also allows policyholders to manage their assets flexibly, enabling wealth to be passed on smoothly.

As children grow up, they will pursue their own paths in life and may have different living needs from their parents in the future. From the third policy anniversary onwards, the policyholder may split the original policy into three new spun-off policies². Each spun-off policy may be converted into a different policy currency, helping the policyholder allocate assets more effectively and ensuring that the development of different children is supported. The policyholder may also change the life insured an unlimited number of times³, allowing wealth transfer to be handled with greater flexibility.

If the life insured unfortunately passes away in the future, the plan provides flexible death benefit payment options, allowing the benefit to be paid in a lump sum in full, or in annual instalments over 10, 20 or 30 years, safeguarding the beneficiary’s future.

From now until 31 March 2024 or earlier, successfully apply for 滙圖多元貨幣保險計劃 and enjoy first-year premiums at up to 25.5% off⁴.
 

Notes:

1.    Macao pataca is only applicable to policies issued in the Macao Special Administrative Region. Actual availability is subject to the decision of HSBC Life Insurance (International) Limited (“HSBC Life”).
2.    The currency conversion option and/or policy split option may be exercised from the 3rd policy anniversary, or upon the end of the premium payment term and after all premiums have been paid in full, whichever is later.
3.    Subject to approval by HSBC Life based on the life assured’s application conditions. For full terms and conditions, please refer to the relevant product brochure and policy provisions.
4.    The offer is subject to the relevant terms and conditions.

For the product features and detailed terms and conditions of “滙圖多元貨幣保險計劃”, please refer to the relevant product brochure and policy provisions on the HSBC Bank website. Applicants must be physically present in the Hong Kong Special Administrative Region when applying for this plan.

Issued by HSBC Life Insurance (International) Limited (incorporated in Bermuda with limited liability).

The information provided in this article is for general reference only. It does not take into account any individual needs or suitability, and should not be regarded as a sales recommendation. Before taking out insurance, you should discuss with a licensed insurance adviser to identify a suitable insurance solution, and the insurer’s information shall prevail.

Last updated on 16 February 2024.

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.